1. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
THE GREAT GAMBLE
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

2. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
BERNANKE BOX
• ELECTION YEAR: This is an election year and the Federal Reserve has
traditionally ALWAYS done everything in its power during the run up to the election
to support the incumbent President. It is considered a "privilege of office" and you
can bet Obama is both counting on and expecting it!
• QE III WILL NOT WORK: Unconventional policy is effective when the issue is
Systemic Stress however it is less so when Growth is the concern. Central bank
liquidity can lubricate a private sector in seizure but then becomes limited!
Bernanke and his minions at the Federal Reserve are acutely aware of this. It is the
wrong tool at the wrong time.
• GLOBAL PRESSURES: Chairman "Helicopter Ben" Bernanke as a pivotal board
member of the Bank of International Settlements in Basel, Switzerland (the central
bank to the central banks) has tremendous pressures to conform to the agenda of
this small cadre of central planners . Bernanke knows the American standard must
be subjugated for the larger good of what these unelected central bankers deem,
behind opaque closed doors, to be the urgent solution for an escalating and
unstoppable global financial crisis.
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

3. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
ELECTION YEAR
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

4. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
ELECTION YEAR
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

5. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
ELECTION YEAR
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

6. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
QE III WON’T WORK!
"Unconventional policy is effective when the issue is Systemic Stress; It is
less so when Growth is the concern"
Central bank liquidity can lubricate a private sector in seizure but
then is limited!
"Deleveraging cycles mute the effect of monetary policy on
growth."
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

7. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
QE III WON’T WORK!
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

8. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
QE III WON’T WORK!
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

9. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
QE III WON’T WORK!
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

10. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
QE III WON’T WORK!
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

11. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
QE III WON’T WORK!
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

12. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
QE III WON’T WORK!
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

13. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
GLOBAL PRESSURES
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

14. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
GLOBAL PRESSURES
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

15. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
GLOBAL PRESSURES
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

16. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
GLOBAL PRESSURES
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

17. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
COLLATERAL CONTAGION
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

18. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
Market Fragility
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

19. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
Credit Markets – Systemic Risk
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

20. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
Pavlovian Response
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

21. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
Goldman Sach’s Global Swirlogram
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

22. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
Earnings Deceleration
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

23. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
Slower Payroll Growth
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

24. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
CONTRACTING PE RATIOS
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

25. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
CONTRACTING PE RATIOS
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

26. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
DATES TO WATCH
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

27. This chart is from the JUNE 2012 Market Analytics & Technical Analysis Report
June 9th, 2012
THE GREAT GAMBLE
DISCLOSURE STATEMENT AND TERMS OF USE
THE CONTENT OF THIS SLIDE PRESENTATION AND ITS ACCOMPANYING RECORDED AUDIO DISCUSSION ARE
INTENDED FOR EDUCATIONAL PURPOSES ONLY.
This slide presentation and its accompanying recorded audio discussion are not a solicitation to trade or invest, and
any analysis is the opinion of the author and is not to be used or relied upon as investment advice. Trading and
investing can involve substantial risk of loss. Past performance is no guarantee of future returns/results. Commentary
is only the opinions of the authors and should not to be used for investment decisions. You must carefully examine
the risks associated with investing of any sort and whether investment programs are suitable for you. You should
never invest or consider investments without a complete set of disclosure documents, and should consider the risks
prior to investing. This slide presentation and its accompanying recorded audio discussion are not in any way a
substitution for disclosure. Suitability of investing decisions rests solely with the investor. Your acknowledgement of
this Disclosure and Term of Use Statement is a condition of access to it. Furthermore, any investments you may make
are your sole responsibility.
THERE IS RISK OF LOSS IN TRADING AND INVESTING OF ANY KIND. PAST PERFORMANCE IS NOT INDICATIVE OF
FUTURE RESULTS.
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.