Elliott Wave 5.0 "Reboot"

Tuesday, January 19, 2016

SIL 3:1 Inverse Stock Split And New Bear Market Low Review

I have talked about the potential of inverse stocks splits when ETFs get below that $8 price level and sure enough SIL split last November in 2015. 
SIL Split History

It also broke new record lows which tells us that this bear market was not done yet. It may have more to go until the waves fill out better. Many times we have been fooled thinking  a bottom was in but  we now know that was all wishful thinking. There may be several more small 3-4-5 waves to fill out so a lot of damage can still be done.