The T2108 indicator is now below 8%. It has not often been this low. The below 8% cases have tended to occur during major panics. See the plot and the list of dates above. Most of the instances occurred within two months of the Crash of 1987. Also note that T2108 first went below 8% on 10/16/1987, the Friday prior to Black Monday.
In summary, a major opportunity may be at hand, but it may be a rough ride.
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