SOCL Global Social Media Index Fund

socl may 28 2014

The chart is incomplete, that is we do not know what it would have looked like if it had come into existence years earlier. We are simple guessing that the $23 high was the end of a 5-wave sequence of some sort, but till we get overlap ( below $16) the possibility still exists that we are in a wave 4. Even so the fact that we erase 62% in a few months what took a full year to build does suggest that there was a major top. The a-b-c back up may only be part of a more complex correction but it does look counter-trend so new lows should be forthcoming in the not too distant future.