5 waves down ?

Keene Little is pointing out,like some of the other wavers like Columbia and Elliott trader,that we have 5 waves down now,increasing the chances of an impulsive wave (rather than corrective)

more charts and nice commentary at
http://blog.capitalmarketvision.com/2011/07/12/july-12----price-action-now-hints-of-change-of-trend-to-the-downside.aspx