RE: Toronto Starall the technical indicaotros shows that the Nasdaq can drop (depending selling intensity) another 100-150 points before technical extremes signal a pending reversal.
Ironically what the markets need is acclerated selling under conditions of panic...this drib drab erosion can continue ad nauseum
Under the prior conditions I think a very tradable rally is possible (1000 points on the DOW) is possible after which a retest of these lows would be necessary to ignite a more meaningful rally
really Long term? no doesn't look good...but it's a weird world one will have to reassess