looking more and more like the up move that we saw from the beginning of jan was in fact a wave 4 of the Longer term expanded flat and we are now getting the 5th and final wave down. As labeled in the chart above we had a wave 1 a wave 2 and wave 3 looks to be unfolding as an extended wave 3 that could push as low as 436.0. wave 4 should unfold as a complex wave( flat or a triangle and there is a good chance that we may truncate the 5th lower. I am however still holding long from the low 470's 466 and 452 as this is my current count as of now.
CK
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