This prediction may seem a bit lame since it is not definitive, but it is the best I can do.

Last week I booked as many profits as I could and eliminated my position in many companies I feel have strong upside potential. It appeared to me the downside risk was far greater than the upside potential. I did not liquidate any positions in physical gold or silver or CEF.A or etfs either PM's or energy.

In the past I have said a retracement below 12,200 followed by one below 10,900 on the dow is the clearest signal for me to liquidate further including market holdings of PM's and hold cash in anticipation of a test of the 2009 lows.

A serious breach of 10,900 would suggest to me that everything will be caught in the downdraft and anything on the market will tumble including CEF.A and the ETF's I hold. I will liquidate at that time or may do so as we approach that number.

I do believe that the FED will make every attempt to protect the 10,900 level, however in the absence of any announcements the market will tend to drift towards that level and panic will soon ensue.

Be vigilante in watching the trend and will see if the FED can conjure up some way to boost market confidence which is waning. The best thing the market currently has going for it is the greed of investors who might believe the market could have a retracement to recent highs . Nevertheless, it will be the last bastion of resistance on what will be a very ugly slide.

IMO the FED is out of cards and the base is wobbling ... even the announcement of more QE could at best provide some short term support of the market assuming of course it is not seriously opposed by the international community who fears the total debasement of the reserves they hold just to prop a that tenuous house of cards.

It is not a question of will it fall and test 2009 lows, it is a question of when and all of us should recognnize and support each other in understanding the market.

I earnestly request anyone who sees things in a radically different light to identify whatever flaws exist in my postulations and the reasons for those flaws.

The worst case scenario for me is I am embarassed (whoopee) and you save me from my fears, ignorance and the doubts caused by what I see as a deceptive government out of control.