aj99 you wrote Wave 4's often times break their downtrend lines before dropping for the final wave 5. Volume is a key, and we have not seen a volume reversal that is indicative of a local low, IMO.
answer: (1)Again it may work out your way. (2)But not one early warning has show up today. (3)What ? (4)DLL(daily lower low) (5)So things are still working fine off the 5/3/04 Pivot Low.IMHO. (6) Time will tell.