The idea is that we're finishing the penultimate decreasing wave of this bear market before attacking the last one that should pave the way for next (very) bull market.
Orders of magnitude straight out of my thoughts without anything really serious to back them up besides these lousy indicators that prove to be right after they've been wrong all over... I'm picking a chance by any other name:
this wave bottoms at around 720, then up again till around 820 and down to about 500 give or take probably up to 50-100, and suddenly the sky will appear brighter.
Disclaimer: I ain't no trader.