My confidence is being tested. This could turn out to be wave B of 4, meaning that this market would still have some life left in it after a Wave C decline toward 4200. But if you look at the count from 2009, an ABC 4th wave of 5 right here would make wave 4 out of proportion, and almost as long as waves 1,2 and 3..
So as shown below, I think today is Wave 4 of 3 of 5. If the 5th wave is similar to the distance wave 1 traveled, I'm looking for a high of wave 5 somewhere in the area of 5000 to 5800. Either way we appear to be close to a top. What the market does on the way down will determine whether this is an ABC wave 4. or the 5 of 5 of 5 turning point. Starting in 2009 the count below shows the major wave
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| Starting in 2009 the count above shows the major wave count |
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