All bets are off if the DJIA breaks down. SPLS tips its hand.

Any stocks recommended in these pages besides metals and miners are likely to be "all one market" plays when the DJIA and S+P breaks down.  Inverse ETFs like VXX or TVIX or FAZ are going to be the big winners.

Case in point is Staples which I mentioned in this post as being one to watch for upside potential. Well, it just triggered a sell signal by forming 5 waves down.  It's likely going to plummet to sub $5 according to what I see here. I always say that one of the big value of Elliott waves is to give buy signals but the more important value is that it also gives sell signals.  I think that if the DJIA were not about to break down that we would have seen a double bottom here.

Same is true for AMD.  I think it would have had good bounce potential but not if the DJIA and S+P are falling, no way.  If you don't like to go short then at least internalize this: cash is an asset class too!  Avoiding a big loss is actually better than making a profit in some ways because you don't have to pay taxes on losses that you avoid. 

A penny saved is in fact better than a penny earned because of taxation.