Stocks were all over the place Monday, October 15th, ending down for the day. The gyrations are either wave iv-up of a five wave 1-down plunge from October 3rd, or are wave b-sideways of corrective wave 2-up for the recent plunge. If I had a leaning, it would be the move Monday was part of wave iv. If so, stocks should soon decline, perhaps 500 points for the Industrials, 60 points for the S&P 500, to complete wave vdown of 1-down and finish the plunge. This bottom could arrive Thursday or Friday this week. Then if correct, a strong wave 2-up rally will take over into the mid-term election and our next Phi mate turn date, November 7th +/- a day or so. Once 2-up completes, a powerful wave 3-down move would follow, worse than we just saw. The recent plunge wiped out three months of gains in just about a week. Our Blue Chip key trend-finder indicators remain on a Sideways signal Monday, however our NASDAQ 100 key trend-finder indicators moved back to a new Sell from a Neutral reading. Small caps remain on a Sell signal. We update charts in tonight’s report. If wave 2-up is underway, if the move Monday is wave b-sideways of 2-up, it means wave 2 is going to be a shallow recovery, and 3 down is coming soon and will be violent.