A long zig-zag journey to the end of C

Headline on Yahoo Finance at this moment.

After 90 minutes of trading, all the three indices, Dow, Nasdaq and S&P 500, have broken their respective lower long-term support line.

Nasdaq at 2446 is about 30 points below its lower trend-line


At 11134, Dow is more than 200 points below its lower trend-line at this moment. Major wave C is going to take more than 12 months to complete. There will be a mixture of weak and strong rebounds as the major wave C unfolds itself. After the completion of its current sub-wave iii of wave 1, there will be a weak sub-wave iv rebound. A higher degree and stronger wave 2 rebound will take place after the completion of sub-wave v.

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