A Mega Perspective

For the possibility of a Mega (IV) formation, the current rebound will not go beyond 12,000.


The next wave (iii) down may go below 6,000

For a more optimistic scenario as shown above, mega wave (III) has not been completed yet.
The rebound since March 2009 is a major wave b that can go as high as 13,000. The next down target will depend on how high b can go and whether the mejor wave 6 is an expanding or a contracting abc.