Although it's dropping I see nothing clearly motive - too many ups & down, i.e it's still zig-zagging,
so abandoning triangles as it dropped out, a flat? Still rare as a wave ii.
I think a strong possibility this is being seen as a short term correction down to the lower edge of the now famous up-channel (emphasised in dark), so happily just sell off & buy back.
Think a strong probability it will jump back up to 1978-86 area to form the last leg, where ... let's see.
The clear motives are, well, clear, wave (i) from 5, & wave i of (iii), thereafter, a mess.
Besides the markets are waiting for how QE-y the ECB can be (tomorrow).
I'm in short with stop at 2001, but not in a hurry to load up, no, no. To me it MUST be falling in the right way.
so abandoning triangles as it dropped out, a flat? Still rare as a wave ii.
I think a strong possibility this is being seen as a short term correction down to the lower edge of the now famous up-channel (emphasised in dark), so happily just sell off & buy back.
Think a strong probability it will jump back up to 1978-86 area to form the last leg, where ... let's see.
The clear motives are, well, clear, wave (i) from 5, & wave i of (iii), thereafter, a mess.
Besides the markets are waiting for how QE-y the ECB can be (tomorrow).
I'm in short with stop at 2001, but not in a hurry to load up, no, no. To me it MUST be falling in the right way.