Though not mentioned in his market alert, Saville had previously opined that if the markets do not have a decent bounce despite being very oversold -- the stage would be set for a big drop in the near future.
Looks like that scenario may come to pass if we do not rebound strongly by the close today.
“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi