Update For Wednesday Jan 7, 2015 Premarket

We have been warning you about the big decline since late December, 2014 , but even we did not expect the decline to  be so steep  in the first 3 days of 2015 with so many bullish advisers around the country. As shown below ,  Sub Step 3 of the First Step  decline got extended on Monday and finally we had Sub Step 4 up in the morning yesterday followed by Sub Step 5 taking the indices to new lows.

The rally in Step 2 will take the averages at least to yesterday's highs and at most to Monday's highs.

Warning : This may be the last time you will be able to get out. The decline in Step 3 will be more severe than happened so far.

OIL will go down to same level as happened in 2009.  USO which is an ETF for Oil  is already below 2009 lows.

Gold is trying to go up in  last 3 sessions. We are afraid of central banks who want  Gold to go down.
The rally in Gold mining stocks has  given a Buy signal but it may be temporary. When the real Buy signal in Gold comes, it will be going up $50 per day.  Right now we are in a deflationary environment. It is all over Japan and Euro Zone nations and USA is next. That is why bond yields have been going down to new lows.


DJI

SPY

SPY 10 Day

IWM

TNA

GLD

SLV

NUGT

DUST

ERX  Going Lower  after rally

ERY

UVXY Going Lower and Then much higher

SVXY   Going higher and then much lower

Ugaz  rally and then go lower

RUSS going higher