Estate Counselors 13F-HR/A Quarterly holdings report by institutional manager (amended)

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ISHARES CORE U.S. AGGREGATE BOND ETF	CORE TOTUSBD ETF	464287226	229	2,090	SH		SOLE	NONE	0	0	2,090
POWERSHARES EXCHANGE TRADED FD TR II SENIOR LN PORT NYSE ARCA INC	SENIOR LN PORT	73936Q769	455	18,300	SH		SOLE	NONE	0	0	18,300
VANGUARD BD INDEX FD INC TOTAL BD MARKET ETF	TOTAL BND MRKT	921937835	6,989	85,000	SH		SOLE	NONE	0	0	85,000
VANGUARD BD INDEX FD INC SHORT TERM BD ETF	SHORT TRM BOND	921937827	1,175	14,630	SH		SOLE	NONE	0	0	14,630
CALAMOS CONV OPPORTU NITIES & INCOME FD	SH BEN INT	128117108	329	23,430	SH		SOLE	NONE	0	0	23,430
ISHARES INTERMEDIATE CREDIT BOND ETF	INTERM CR BD ETF	464288638	13,381	121,435	SH		SOLE	NONE	0	0	121,435
SPDR SER TR BARCLAYS CONV SECS ETF	BRC CNV SECS ETF	78464A359	263	5,215	SH		SOLE	NONE	0	0	5,215
POWERSHARES DB MULTI SECTOR COMMODITY TR POWER SHARES DB AGRIC FD COM UNIT	PS DB AGRICUL FD	73936B408	4,503	164,000	SH		SOLE	NONE	0	0	164,000
ISHARES SELECT DIVIDEND ETF	SELECT DIVID ETF	464287168	387	5,025	SH		SOLE	NONE	0	0	5,025
ISHARES TRUST MSCI EAFE MIN VOLATIL ETF	EAFE MIN VOL ETF	46429B689	9,153	140,000	SH		SOLE	NONE	0	0	140,000
SPDR GOLD TR GOLD SHS	GOLD SHS	78463V107	4,114	32,130	SH		SOLE	NONE	0	0	32,130
PIMCO ETF TRUST 0-5 YR HIGH YLD CORP BD IDX ETF	0-5 HIGH YIELD	72201R783	10,586	99,055	SH		SOLE	NONE	0	0	99,055
ISHARES GOLD TRUST ISHARES ISIN #US4642851053 SEDOL #B0SF3S5	ISHARES	464285105	5,120	397,500	SH		SOLE	NONE	0	0	397,500
ISHARES INTERNATIONAL DIVIDEND ETF	INTL SEL DIV ETF	464288448	513	12,850	SH		SOLE	NONE	0	0	12,850
ISHARES US PHARMACEUTICALS ETF	U.S. PHARMA ETF	464288836	2,342	17,335	SH		SOLE	NONE	0	0	17,335
ISHARES CORE S&P MID-CAP ETF	CORE S&P MCP ETF	464287507	741	5,180	SH		SOLE	NONE	0	0	5,180
ISHARES CORE S&P SMALL-CAP ETF	CORE S&P SCP ETF	464287804	1,423	12,692	SH		SOLE	NONE	0	0	12,692
ISHARES RUSSELL 1000 VALUE ETF	RUS 1000 VAL ETF	464287598	2,089	20,630	SH		SOLE	NONE	0	0	20,630
ISHARES RUSSELL 2000 ETF	RUSSELL 2000 ETF	464287655	15,591	131,229	SH		SOLE	NONE	0	0	131,229
ISHARES RUSSELL MIDCAP ETF	RUS MID-CAP ETF	464287499	1,960	12,060	SH		SOLE	NONE	0	0	12,060
ISHARES U S REAL ESTATE ETF	U.S. REAL ES ETF	464287739	5,278	73,515	SH		SOLE	NONE	0	0	73,515
ISHARES MBS ETF	MBS ETF	464288588	12,379	114,385	SH		SOLE	NONE	0	0	114,385
SPDR S&P MIDCAP 400 ETF TR UNIT SER 1 STANDARD & POORS DEP RCPT	UTSER1 S&PDCRP	78467Y107	3,529	13,545	SH		SOLE	NONE	0	0	13,545
ISHARES NATIONAL AMT FREE MUNI	NAT AMT FREE BD	464288414	11,376	104,700	SH		SOLE	NONE	0	0	104,700
POWERSHARES ACTIVELY MANAGED ETF S&P 500 DOWNSIDE HDGD PORT NYSE ARCA INC	S&P500 DWNHDGE	73935B805	15,741	554,850	SH		SOLE	NONE	0	0	554,850
POWERSHARES EXCHANGE TRADED FD TR DYNAMIC PHARMACEUTICALS PORTFOLIO	DYN PHRMA PORT	73935X799	695	11,385	SH		SOLE	NONE	0	0	11,385
POWERSHARES GLOBAL EXCHANGE TRADED I-30 LADDERED TREASURY PORTFOLIO ISIN #US73936T5240 SEDOL #B68TXM3	I-30 LAD TREAS	73936T524	11,927	383,100	SH		SOLE	NONE	0	0	383,100
POWERSHARES QQQ TR UNIT SER 1	UNIT SER 1	73935A104	6,495	69,160	SH		SOLE	NONE	0	0	69,160
ROUNDYS INC COM USD0.01	COM	779268101	231	41,883	SH		SOLE	NONE	0	0	41,883
SPDR SER TR NUVEEN BARCLAYS SHORT TERM MUN BD ETF	NUVN BR SHT MUNI	78464A425	686	28,180	SH		SOLE	NONE	0	0	28,180
ISHARES 1-3 YEAR TREASURY BOND ETF	1-3 YR TR BD ETF	464287457	6,994	82,710	SH		SOLE	NONE	0	0	82,710
SPDR S&P 500 ETF TRUST UNIT SER 1 S&P	TR UNIT	78462F103	18,984	96,997	SH		SOLE	NONE	0	0	96,997
VANGUARD INDEX FDS VANGUARD SMALL CAP VIPERS FORMERLY VANGUARD INDEX TR	SMALL CP ETF	922908751	2,703	23,079	SH		SOLE	NONE	0	0	23,079
VANGUARD SCOTTSDALE FDS SHORT TERM CORP	SHRT TRM CORP BD	92206C409	11,227	139,690	SH		SOLE	NONE	0	0	139,690
VANGUARD SECTOR INDEX FDS VANGUARD CONSUMER STAPLES VIPERS	CONSUM STP ETF	92204A207	9,482	81,850	SH		SOLE	NONE	0	0	81,850
VANGUARD INTL EQUITY INDEX FD INC FTSE ALL-WORLD EX-US INDEX FD ETF SHS	ALLWRLD EX US	922042775	6,352	121,475	SH		SOLE	NONE	0	0	121,475
VANGUARD SPECIALIZED PORTFOLIOS DIV APPRECIATION INDEX FD VIPER SHS	DIV APP ETF	921908844	712	9,140	SH		SOLE	NONE	0	0	9,140
VANGUARD INDEX FDS VANGUARD REIT ETF FORMERLY VANGUARD INDEX TR TO 05/24/01 REIT VIPER SHS	REIT ETF	922908553	1,806	24,125	SH		SOLE	NONE	0	0	24,125
VANGUARD INDEX FDS VANGUARD MID CAP VIPERS FORMERLY VANGUARD INDEX TR	MID CAP ETF	922908629	13,022	109,731	SH		SOLE	NONE	0	0	109,731
VANGUARD SECTOR INDEX FDS VANGUARD UTILS VIPERS	UTILITIES ETF	92204A876	916	9,470	SH		SOLE	NONE	0	0	9,470
VANGUARD INDEX FDS VANGUARD TOTAL STK MKT ETF	TOTAL STK MKT	922908769	290	2,849	SH		SOLE	NONE	0	0	2,849
SPDR SER TR DB INTL GOVT INFLATION PROTECTED	DB INT GVT ETF	78464A490	3,726	60,090	SH		SOLE	NONE	0	0	60,090
SECTOR SPDR TR SHS BEN INT ENERGY	SBI INT-ENERGY	81369Y506	3,589	35,855	SH		SOLE	NONE	0	0	35,855
SECTOR SPDR TR SHS BEN INT INDUSTRIAL	SBI INT-INDS	81369Y704	633	11,700	SH		SOLE	NONE	0	0	11,700
SECTOR SPDR TR SHS BEN INT CONSUMER STAPLES	SBI CONS STPLS	81369Y308	2,261	50,680	SH		SOLE	NONE	0	0	50,680
SECTOR SPDR TR SHS BEN INT UTILITIES	SBI INT-UTILS	81369Y886	16,340	369,182	SH		SOLE	NONE	0	0	369,182
SELECT SECTOR SPDR TR HEALTH CARE FORMERLY CONSUMER SVCS TO 06/24/2002	SBI HEALTHCARE	81369Y209	8,145	133,895	SH		SOLE	NONE	0	0	133,895
SPDR SER TR S&P PHARMACEUTICALS ETF	S&P PHARMAC	78464A722	4,899	47,200	SH		SOLE	NONE	0	0	47,200