Yes, I agree with Opacus. This looks more like a water splash in fiery colors. If you get rid of the falling parts of the explorion, it would be great! (but it's good anyway :-))
It's pretty good, but the part where it falls down really doesn't make any sense to me. After all: Hot air rises, and it's an explosion! I've never seen an explosion fall downwards half way through. I say study some youtube videos about explosions. http://www.youtube.com/watch?v=wcmmLvAYqkI As you can see there: When explosions have bursted at the highest intensity, they kind of curl upwards.
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