1. Broad markets will fall to new lows.



I'm confident in my projections, but let's not forget the other side. If the following happen, it means I have misread these markets, and we are in for something different:
1. The ES holds above 1210.
2. The US$ fails to break above the 200DMA (roughly 76)
3. Gold fails to make a new high or drops below 1800.
Makes no difference to me if these projections turn out wrong. I'm water. I'll flow right along with with what the market gives me. I'm 100% cash and I'll wait for confirmation before taking any position--which will be posted real time!
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