northam - You are correct. Look at the ibox illustration. This began to develop as we kept moving out to the right as the days went on. It is now easily a 50 50 guess that wave 4 has ended and we will never see the bounce to 1396. Lots of good lessons on triangles at StockCharts and decision point. That is why I have the helpful links in the ibox. There is no reason to reinvent the wheel. All of the education is handy and free.