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I have noticed that there are some posts about the stock markets, so why not show a chart of the Dow...
The decline from the top is obviously in 3 waves. However, that decline is sharp and with where the Dow is in the larger wave structure it seems unlikely to me that 12518 is the bottom (unless this is a big triangle) as a larger flat correction is probably unfolding. Treating the decline to 12518 as wave A, we need to look for the top of wave B. Wave B itself is a complex W-X-Y correction. Wave X is an expanded flat. Wave Y of B is underway now and there are 3 points that I am watching for a reversal. The 61.8% extension of wave W at 13560, the 78.6% retrace of wave A at 13700 and the 100% extension of wave W at 13892.
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