2000 or 2007 all over again?

Notice that clearly corrective rally ending this double zig zag corrective wave 2 has terminated in duration very similar in time as the 2000 and 2007 failed corrective waves (I've copied and indicate the 2007 and 2000 channel paths as indicated).

Are we beginning wave 3 down? It appears likely and the entire structure from the late August low at 1 is clearly an overlapping corrective wave.

Good luck to the bulls...time for some nasty bear dominance...