If his work proves correct, then Mike Paulenoff expects to see the DUG take off to begin a secondary recovery upleg that should propel the price structure above 46.56 on the way to 51.00.

Mike Paulenoff's near-term work argues in favor of a pop to 182.50 for Apple (AAPL), after which he will have to reevaluate the strength of the underlying pattern.

Mike Paulenoff writes that the Japan iShares ETF (EWJ) is ripe for the emergence of a powerful advance.

The TLT's have rocketed to a new high for the move at 94.71, which is right at the resistance line of the entire bullish price channel that has been carved out since the June 12 low.

Mike Paulenoff's work tells him that the Euro is ripe for a significant downside correction, which will pressure the gold as well.

Mike Paulenoff notes that all of the action in the Q's since the November 12 low is forming a double bottom OR all of the post-November 12 action represents a triangle or coil pattern.

Gold (GLD) has violated Thursday's reaction low at 77.30, which triggered new selling pressure.

Mike Paulenoff provides a look at the BIG picture view of Federal Express (FDX), which is in a powerful correction that has a way to travel on the downside prior to completion.

One very curious aspect of the powerful upmove in the equity market is the lack of opposite selling pressure in the bond market.

QQQQ's new corrective low pierced but did not sustain below key 50% Fibonacci support, which is a constructive sign that perhaps the vicious decline has seen its worst for now.