i was looking at FAS

being its one of the weaker indices i figure maybe it will reveal better what is going on than say an aapl heres my take its looks like fas topped apr 7 and did a wave one down into june 16. since then we did and A wave up a B wave down into july 18 and now a C wave is in progress. we are somewhere in a C of an abc correction prior to a wave 3 down in fas. when it tops it will be obvious i would think wave 3 down in fas would coincide would wave 1 down in the general market just my take fwiw g

being its one of the weaker indices i figure maybe it will reveal better what is going on than say an aapl

heres my take

its looks like fas topped apr 7 and did a wave one down into june 16.

since then we did and A wave up a B wave down into july 18 and now a

C wave is in progress. we are somewhere in a C of an abc correction prior to

a wave 3 down in fas. when it tops it will be obvious

i would think wave 3 down in fas would coincide would wave 1 down in the general market

just my take fwiw

g

bottom line once fas breaks below 22 wave 3 down shoul be in progress. i would look
for the banks and financials to get killed

g

FAS and SPX trade directionally lock step. As Wally Hickel said
about the endangered California Condor: "Ya seen one, ya seen 'em both."

http://stockcharts.c...1894&r=3025.png