about this.....

Bearish... the 3rd wave is smaller than the 1st....

Bullish... if this makes a new high... this is a 5 wave impulse BULLISH wave. and not an ABC correction..... possibly indicating a Reversal of our bearish trend..

I'm thinking the Ambac stuff is probably bullshit....... I'm 50/50 on it..... so is that Probable :(.... but the trend in my thinking about it is down :(