The point is that if the move up from Mar 2009 is an ABC correction then it is over or 1 more leg up.
If it is a 5 wave impulse then 1 or 2 more up legs needed.
The last leg up was a bit over 2.5 months and the leg before that just over 2 months and they waves look similar, so they could be a fractal of a 3rd wave with a sililar leg to go. It would probably be about 2 months.
There seems little doubt a turn will happen end Feb/early March based on 30/90/180/240/720 degrees from lows.
If so then this move down would be brief and the next leg takes us into early May which is where there is good reason to suspect a top.
That could be the top or a leg up from perhaps early July into Sep/Oct.
It seems DeMark and Hoye who I respect, feel this could be serious right here.
I am unsure which.












