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[gannman]

the kbe peaked in feb 07 at 60.41. it feel in mar 09 to 8.9 for a drop of 51.51 50% of that drop is 25.75 added on to 8.9 would be 34.65 the kbe peaked at 34.91 in mar 14 to me after it did the initial 5 wave drop into mar 09 it has done and A B and possibly C wave correction of the whole drop with the c wave having terminated either in mar 14 or possibly sep 14 . the c wave up seems to have started in either october or nov of 2011 if this is correct according to my understanding of e wave we should see another 5 wave drop down to complete the bear market. since the sep top its had a nice rip down which looks impulsive to me . it could rally again thats one possiblilty never say top with this market. however if it is actually in the second leg of its bear market it should head back down to the 9 area again. just my take it icbwahbw gman