SENTIMENT INDICATOR - CONSUMER CONFIDENCE

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THIS CHART IS THE CONFERENCE BOARD CONSUMER CONFIDENCE INDEX IN USA

THIS FITS IN LINE WITH EWI - ROBERT PRECHTER

SENTIMENT PEACKED IN 1999/2000

THEN PEAKED AGAIN IN 2007 - BUT A LOWER HIGH

THEN IS PEAKING AGAIN NOW IN 2011 -STILL LOWER HIGH

THIS MAKES SENSE AS PER EWI THAT

 - 1999/2000 WAS THE WAVE FIVE PEAK

 - 2002/3 WAS THE PHASE 1 BOTTOM CALLED WAVE "A"

 - 2007 WAS THE WAVE "B" PEAK

 - MARCH 2009 WAS THE WAVE 1 CIRCLE BOTTOM

 - NOW WE ARE WITNESSING WAVE 2 CIRCLE PEAK
THIS IS THE ZANY BEAR MKT RALLY WAVE THAT WILL SUCK EVERYBODY INTO BELEIVING THAT THE BEAR MKT OF 2008 IS OVER

 - WE WILL SEE WAVE 3 CIRLCE DOWN THAT WILL TAKE THE MKTS BELOW 2008 BOTTOM

3RD WAVES ARE DANGEROUS AND IN THIS PART OF THE WAVE - WE WILL SEE PIIGS DEFAULT - EURO CRASH - US MUNI IMPLOSION - CHINA HARD LANDING - NON USD DEVELOPED MKTS FX CRASH LIKE AUD - CAD - GBP - EUR ETC

THE SAME IS TRUE FOR THE ABC CONSUMER CONFIDENCE INDEX
 SINCE 2000 WE ARE IN A BEAR MARKET

WE HAVE SEEN TECH CRASH - BEAR MKT 1

WE HAVE SEEN 2007 PEAK - WAVE "B" - FAKE RALLY BASED ON DEBT BINGE

WE SAW WAVE 1 DOWN - 2008 CRASH

WE ARE SEEING WAVE 2 UP - FAKE RALLY - BEAR MKT DEAD CAT BOUNCE - BASED ON FAKE BELIEF THAT ECB CAN BAIL OUT PIIGS - THAT US MUNI ISSUE IS A TRIVIAL ISSUE - THAT RECOVERY IS IN FULL MODE

WE WILL SEE WAVE 3 - AFTER WAVE 2 PEAK - THIS YEAR OR NEXT

THIS WILL BE DEVASTATING

SAME IS TRUE FOR UNIV OF MICHIGAN CONSUMER CONFIDENCE SURVEY INDEX

WE ARE IN A VERY VERY LONG BEAR MKT THAT BEGAN IN 1999/2000

2007 HIGH WAS A FAKE HIGH - BASED ON CRAZY DEBT

LOOK AT SPX IN TERMS OF GOLD OR CRB OR PPI - AND THIS WILL BE VERY CLEAR