DBA - Ready for wave 5 down?

After a very long wave 4...DBA, despite Jim Rogers prognostications, looks rather negative here...again Tuesday is make or break. Given that the weakness in the dollar did not help DBA and the condition of oil - this does look like 4th time could be a charm. If indeed this is occurring this is a picture of deflation in progress...and likely herald the same for the stock markets.

Just a simple chart...

Utilities also made a very unconvincing bounce after their pullback...its at a support area could try to bounce a bit more...but looks weak.

Junk Bonds ratio to treasuries sport a completed impulse wave. This is something to keep an eye on.