GE groundhog day indicator update

Here's the back link to this thread which essentially says GE is a proxy for the entire over bloated market.  The markets seem healthy from a price perspective but that is only because it has been supporting itself with debt.  The wave count is now saying that it is time to begin paying the piper.  As goes GE so goes the market.

Today's action gapped below the top rail.  This is not a very wide band way out this far on the HT so it should not take long to break below the bottom rail as well.   At this point there are only 3 obvious waves down.  I think that the 3rd wave should take out both the upper and lower rails and then the 4th wave should back test the lower rail from below.  That's when it should start to get interesting as the 5th wave tests those blue long term support lines.  They will probably hold for 5 of 1 down and then a small bounce into wave 2. 

And then likely around January we hit wave 3 down and all Hell breaks loose in the markets.  My models strongly suggest that that TVIX, UVXY and JNUG will do very well in the coming months.