the down trend hasnt quite finished. we had been seeing more of a dead bounce. i feel 4200 would be a fast out of this trend but if for other reasons unknown this action drags out we could see as low as 2200. the next wave from that point will be slow but prolific and therefore will (seem to be "fast") as the third wave common feature. as in so prolific it is possible we may not see a corrective grand wave in our lifetime. @ 50,000 +