No I disagree with the scare mongering going on, I'm sorry but it doesn't display, at least to me, a good understanding of wave and price structures and how they work.
We may go to test lows, good argument that is the case, there's also an equally strong argument of new highs, especially if you're an Elliotician. One thing I am confident of though is that due to the corrective nature of price action is that if we do test lows there will be warning, it won't be any 'crash' type panic, just a very controlled and orderly exit.
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ring in tuesday., page-42
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