333 should give way before 417 does according to EW theory. Bounces towards 417 should be sold to build positions.
I have two scenarios here according to wave structure. (The horizontal axis is not measured and should not be an indication of time forecast.)
The blue scenario is a drawn out that lasts another month or two.
The red scenario assumes that the downward impulsive move ( A/(1) ) is not part of a larger correction but is a continuation of the larger trend down.
In either case I think we will see new fresh lows before new fresh highs....
You're right though, lemme "show not tell": http://www.amazon.com/New-Trading-Dimensions-Profit-Commodities/dp/0471295418
hope it helps. i know wave counting can be hard.