As expected AIG was up to no good with derivatives and faulty accounting practices without marking to market. Voila, the market sold off and right off the start it was below S1(627). Shorts were initiated and closed out by EOD. Tomorrow's numbers are 624, 618 and 607 and more sellings are expected.
good luck
2c
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Your 1000 point down wave will make wave 2=wave 5. Isn't wave 5 always the biggest? Should see more than 1000?
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