Kaarv, yes, books are handy......
.....too bad the market charting services don't provide handy real time cross referencing services.....
If we could come up with that, we could ipo better than google.
Lana, from January, it looks to me like we are in a down trend. I could see it as an A into March and abc B into the end of June, and now in larger C. It could also be 12 and now 3 as well which would be much more bearish. Another view would see us finishing a large 4th whenever this bottoms and then heading up in larger fifth. Many possibilities open and if there is a "THEY", they are doing darn good job of keeping things confusing until the election maybe...who knows.