Regarding emerging market, I noticed the exact conincident of US official annoucing QEII and Emerging market top, the same day. Is this magical?
How do you think?
Actually, my count in the previous charts were slightly different from 星星's. Mine was a 3-3-3-1-3-iv count. The difference is minor and debatable, and, imho, the market could draw the true count out in the next few days.
If you still don't believe that we could be in a secular bullish market, and waiting for the inevitable "second leg down", take a look at the Nasdaq 100 - we have already broke out of the 07 high there.