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joepuentes Thanks everyone for the birthday wishes. For me today is the official kick off to the holiday season and I am feeling like I am in my prime!

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magicman We are having a girl. So excited. Zachary will have a little sister.

etechbeta2 However, the likely upcoming Wave 3 decline will be one or two degrees LARGER than the prior cycles of declines! That likely portends that upcoming events, in or related to the USA, are likely to be perceive at least as important If last weeks highs are not taking out within 24-48 hours, you should consider being out of the market, or fully hedged, or short the markets with as 911 was to the USA.

etechbeta2 However, the likely upcoming Wave 3 decline will be one or two degrees LARGER than the prior cycles of declines! That likely portends that upcoming events, in or related to the USA, are likely to be perceive at least as important as 911 was to the USA.

etechbeta2 The last time we had similar (but smaller degree) Wave 3 down-trends was in 2001-2002. That crash began with the Tech Bubble popping, Enron's bankruptcy, etc, but then Wave 3 began five weeks before 911 happened (see my August 3, 2001 crash forecast on my website). A smaller degree Wave 3 occurred from 2008 to early 2009 that was devastating enough.

etechbeta2 NOTE: If this analysis is correct, after this next larger bounce of 5-13 weeks, I would expect the most bearish acceleration phase of a larger Wave ((3)) decline to begin. This must be taken very seriously, because some event usually happens in the larger cycles of Wave 3 declines (pending) that challenging to society.

etechbeta2 A further breakout up means either the bearish forecast is wrong for now, or a larger correction is unfolding. If this area's resistance holds, then the next down wave will likely be a terminal 5th Wave of a larger Wave (1) decline. That wave (if down), would likely last from 1-8 weeks (most likely 2-5 weeks), before a longer corrective bounce of 5-13 weeks takes hold.

etechbeta2 USA Market Crash Update --At critical area, forecast may be revised 2011-0915 1:54AM EST The US S&P500 & DOW Avgs should NOT go much above today's highs, OR my near-term bearish forecast will change to sideways to up for a bit. That said, a new bearish sell off could begin tomorrow or Friday. I'll likely know in the early morning.

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