I think that the 4th wave HT from the backlink is going to hold and that one more final swoon is likely to play out in natural resources. After that I think a serious bottom will be in and we will begin seeing higher interest rates and more signs of inflation. So enjoy the low gas prices while you can and be sure to calmly and carefully set up your shooting range in metals, miners, drillers and oil services because the odds are high that if we see 5 waves down in PBR to form a double bottom here that the great depression in commodities will be over.
When the real bottom is in, this will be moving up as fast as WMT and M are moving down. And in case you like to maintain hedges, consider shorting the airline stocks into rising fuel prices.
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