Decline From May 2 Top is Not Over Yet
We made a top on May 2 and we are in the process of making a Minor Wave
(1) of Large Wave 3 Circle Down . Minor Wave (1) itself has 5 steps in it.We completed Step one down in August. It was followed by a step 2 up
completed on Oct 28. We are going down in step 3 of Minor Wave (1).It will be followed by step 4 up and then step 5 down.This will complete only Minor Wave (1) of large Wave 3 Circle Down. Thus we are only at the start of a very big decline which will become more ferocious next year. S& P 500 SPX 2011-11-25_0500
We are at present oversold a bit and 200 to 300 point rally can start any time from lower levels.All rallies should be sold.
Notice how TZA (which is triple Bear of Russell 2000 RUT} is marching up while the market is going down in a stair step down fashion.TZA 2011-11-25_0543
TZA and FAZ are best tools for Dodge the Depression.These ETFs are your best friends right now for traders.
