Profunds index and sector trading

[was Steve]

one count that i havent seen anyone use for the nas (or spx with different numbers but same shape) is that the fifth wave ended in an ABC with the A and C ending around 1600 and the B down ending around 1400. this would complete 5 waves up from teh 2002 low. back in december i had it completing as you have labeled. the market had other ideas and turned it into an ABC fifth. if that modified count is correct, then the indexes are headed down for longer than da bulls think possible.