Wave 1 of Large 5: May '04 to mid July '04 Wave 3 of Large 5: late July '04 to early Sept '04 Wave 5 ED of Large 5: Late Sept '04 to present
This count in wave 5 ED of 5 is in wave D. This week real estate should make it's top. The UK and US housing bubbles have been in synch, and prices are starting to fall in both places.
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