We believe stocks have started the next Great Bear market and are headed substantially lower. The decline will be stairstep, but inside this Bear market, which could last 7 years, there will be several stock market crashes. We believe there is a high probability that the first of many stock market crashes could occur in the next one to three months. When it is all said and done, seven years from now, we could see the Industrials below 1,000 (that is not a misprint).

The Industrials have completed a Rising Bearish Wedge from October 2014, with a truncated top, meaning its final wave {e} up of e-up failed to exceed its May 19th, 2015 wave {c} high. May 18th was a Phi mate turn date. Friday, August 7th, 2015's decline to 17,279 is decisively below the wave {d} bottom, below 17,465, and further confirms that the top is in and the next great Bear market has started. We can also label "the top", the wave e-up finish, as having completed on May 19th, 2015. In both cases a new Bear Market has started. There could be a bounce in the short run, but the trend remains down. The Industrials have declined 1,000 points since our May 2015 Phi mate turn date and its all-time top.

We are now on HIGH ALERT!!!!! Grand Supercycle degree wave {IV}'s decline has likely started. We need to pay close attention and be prepared for a September 2015 event that triggers a stock market crash and economic depression. We have a Phi Mate Turn Date Scheduled for September 15th, 2015.

An Ascending Broadening Wedge top pattern has completed in the Industrials, a pattern that started at the end of October 2011. It is an a-b-c-d-e pattern.

The Industrials have essentially reached the upper boundary of the Jaws of Death pattern, the top for Grand Supercycle degree wave {III} up. This pattern is complete, as the Industrials are falling hard from this pattern's top.

Above we see that the S&P 500 topped 1 point below its all-time high on Monday, July 20th, and fell impulsively since then. That high on July 20th is a truncated top for wave {e} and concludes the Rising Bearish Wedge from October 2014. The top is likely in for the S&P 500. This will be confirmed with a decline below point {d} above, below 2,044.

The NDX reached the upper Blue boundary line and topped precisely there, and has since fallen hard. This qualifies as a completed rally.The NDX has declined 200 points since we wrote in our newsletter to subscribers three weeks ago, "The nature of the rally from early July is parabolic, which means the reversal could be swift, powerful and surprising to many."

We now have two official H.O.'s on the clock at the same time! Both will be in place during the high probability crash period from early September into mid October. Over the past 30 years, all but one crash (a decline over 15 percent) have had an official H.O. on the clock. While an official H.O. is not a guarantee a crash is coming, it is essentially a necessary precondition for a crash to occur. It tells us this stock market is in a very fragile and dangerous condition and will remain so for months. About one out of every four times this signal appears, a crash follows.

When did Noah build the ark? Before it rained. We believe it is now time to make sure our arks are built and can float. We can help you at www.technicalindicatorindex.com with our daily and weekend market updates, or conservative portfolio model, and Platinum educational Trading program.

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"Jesus said to them, "I am the bread of life; he who comes to Me
shall not hunger, and he who believes in Me shall never thirst.
For I have come down from heaven,
For this is the will of My Father, that everyone who beholds
the Son and believes in Him, may have eternal life;
and I Myself will raise him up on the last day."

John 6: 35, 38, 40