One Option Trading Blog http://ift.tt/1LoTLzK I RECORDED THIS VIDEO THURS MORNING - PLEASE WATCH IT Posted 9:40 AM ET - For the last few weeks I've been warning you of an August decline. Stocks sold off hard yesterday and major technical support levels were breached. They include the 200-day moving average, horizontal support and the 200-day up trend line. China's flash PMI was weaker than expected (47.1 versus 47.8 expected). Without question, the world's largest economy is slipping and it will have a ripple effect. The greater danger is a credit crisis in their shadow banking industry. Although the number …
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