In fact energy costs are going to inflict pain on the transport and manufacturing sectors. The USA has lost it's source of clean silicon for making chips and memory is going to cost a lot in the future. We will lack fuel for trucking and farming and without field labor our crops will rot or never get planted. Are we Great Yet?
Wave 5 was an expanding triangle, topping out at 7043. It spilled over to the beginning of the Bear market. At the time it looked messy, but I think we can see it clearly now. I believe we have a long way to fall, this is just the beginning. My count shows the past two weeks as an ABC Wave 2. Wave 3 support will be found at 6200 area.

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