Decline to New Lows Should Start Soon

2011 came to an end with most markets around the world
declining from 10 % to 70%. The only market which was up was the DJIA
index which was up 5%.
Nasdaq was down 2% while
Russell 2000 was down 7%.
In 2012 , Russell 2000 will also decline the most.
US stock markets made the peak on May 2, 2011 and made a
low in early Oct
in 5 steps down ( Thus we completed leg (1) down in early Oct.) Since
that time we have had leg (2) up in a complex double zig-Zag rising into Seasonal Christmas and new year rally.
We believe that the probability is very high that the market is now ready
for decline under leg (3)

See DJI2012-01-04_0742 

See also the chart of Russell 2000 Russell 20002012-01-04_0756

Joy Kapur’s Birthday Celebration

 
 70th Birthday Party For Joy Kapur- First Half

70th BirthdayParty – Second Half  ( one minute overlap-sorry about that)

We Had to divide into Two parts as the Web site will not accept more than 1000 MB

Click on square on the  bottom right hand  corner to fill up the computer screen.