With wave 2 almost 50% retracement of wave 1, we have a very natural place for wave 2 to end. I like emotional openings like this morning because they usually don't last--the over-excited usually don't make money: They make mistakes. Still looking for this final wave 5 to go below 1800, but I mustn't get ahead of myself--first we have to get through wave 3 of 5, then wave 4, then 5 of 5, AND that's when this larger wave ends--to be followed by a huge counter-trend rally, which we'll talk about when we get there. GL