I have had to change my count slightly. You know I had some problem labeling the decline from 123.88 to 121.50, the decline below 121.50 makes a expanding flat the best count and the current decline part of wave 5 down. We are currently in the middle of wave (iii) of iii of 5. Wave (iii) should fall to 120.55.I'm still looking for a move closer to 116 and possibly even closer to 114.43 before a new correction higher. Just remember that the long term pictur is very bearish calling for a move below par.
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