Second Tipping Point

The Dow has dropped and then bounced 78%, a common retracement of a wave 2 in this Bubble Echo. Since then (April 6) it has faded and come back a bit. It appears that we are about to end the final corrective action before a much stronger impulsive wave down. Prechter sent out an interim bulletin Monday highlighting that we are beginning the big wave 3 down, and should see increasing negative news and stronger market drops and volatility ahead. The initial down trend should carry us below Dow 9K and through May, followed by a summer rally.