Could this be the Start of Something Nasty?

I've had this wave count for a long time, an expanded flat starting from last Oct. I was waiting for one more high to go with this count, but it may be in place now. There is a lot of fear right now in the market and fear begets fear and more panic, until you get a viscous cycle. If Friday is red, there is strong chance we could get a Black Monday. It is very risky to hold if we are under 200 day MA.