NQ - 1 Hour E-MINI NASDAQ-100 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:NQ1! HK_L61 CNBC Tout Jim Jonestown Crammer put forth the Meme the NQ could actually bottom the after Wednesday's selloff. Nope. Then, Jimmy decided - well... We're not oversold yet. _______________________________________________________________ Guyana Punch. _______________________________________________________________ We need to see a Capitulation Event, as we always do. Panic selling on Margins squeeze. A Flashpoint where Money Managers toss-off. _______________________________________________________________ The "theme" appears to be making the FED gag reverse Policy. Interesting mentality and in synch with overall behaviors. ________________________________________________________________ We have further to correct. How it unfolds will be manic and extreme, unfortunately. In the Real World of Equity Markets, Financial Media is only a guide to Sentiment and how Wall Street is positioned. Price remains and will remain under pressure for the near term. Cash is an excellent position if you miss the Fill until the next Fill arrives. Chasing Price... never a good idea as the Measured Micro Moves are working very well as is Time. Patience choose your entries wisely, there is always another Trade.