The primary wave count is Minute [v] of Minor 1 of Intermediate (3) is commencing. It has been 2 down days in a row since the 2-day surge earlier this week. The wave pattern is setup for a lower low confirming yet another solid 5 wave pattern down from the Intermediate (2) price high.
Otherwise, if prices continue to rise, the 2 alternate counts shown on Tuesday still are to be considered. The key wave level is prices cannot break into the Minute [i] low, but if prices actually got near there then we can probably already call this Minor 2 and not Minute [iv].
The 40-year credit expansion binge is over folks. Even if they wanted to reinflate the Ponzi, social mood will likely foil any attempt. Yes, a big bounce is probably coming to form wave [2] but like I said, “debt” is not really an investment at all. It is an IOU. A promise that can be broken. An illusion. It is a manmade form of usury which God forbids. It is evil. The entire system is an abomination. And if it drops to zero from here, all the better.
Just because I keep putting a [1] there, doesn’t mean that it is [1]. Maybe it’s getting close to a “third of a third” down. Sure, looks like a waterfall to me.
