In another rhyme mentioned early in 2015 on these pages, the MCM gap index almost all major tops occur with a panic of intervention and last gasp buying that attempts to levitate prices and hold up an index. What we can see below is the exact a situation that occurred in 2007 near the highs, the highs were put in any large effort was made to panic buy and or intervene, generating a blow off in the gap index shown at the number . Similarly, in 2015. We see a blow off in the MCM gap index. This blow off produced lower prices. Think about that for a second, the largest panic buyer and intervention efforts of the last years produced no effect, and in fact lead to a mini crash. This action in the MCM gap index is the emotional sign of the equivalent of a last gasp and the results should not be that different from previous history.