"Last week produced a key bearish “Outside Reversal Week” reaching new highs for the rally from the August 9th crash bottom, but then ending the week lower than it began. This indicates that in all probability, a new declining trend, lasting several weeks, has started. For Elliott Wavers: This decline is likely wave (v)-down, from the May 2nd, 2011 high, which is either the beginning of a Grand Super Cycle Degree Wave {III} or Wave {C} DOWN. I am labeling this first decline from May 2nd Minor wave 1-down. This may be the beginning of the global Great Depression that I have been looking for. As this phase of the Great Bear Market, while only being wave (1) and although the DOW could approach 1,000, that is several years off. For now, short-term, I am expecting a multi-week wave v-down to complete Wave (1) whose target should be below the August 9th, 2011 lows. Then, following a strong Tradeable Rally (Wave 2-up), which should retrace 38%, 50% or 62% of the full decline from May 2nd, 2011; lasting into year end or early 2012. Then in early 2012, Wave 3 of (III) or (B) should be a stock market crash that will rival the 1930 to 1932 crash.

On the one hand, this will be the most devastating to more Americans Financial Well Being in American history, BUT on the other hand, it can also be the most rewarding to those who are prepared."(i.e. invest in Tyhee Gold and mediums of value for exchange).

a direct quote from Aubie Baltin

-inspireprogress