here are the wave 5 counts

780-740 nice rectangle so far. S&P expiration is over but the OEX and stocks are still trading until 4pm

on expiration day there is a possibility for the oex to trade from 375(or 365now) to 350 in the last few minutes of the day like a November 1991 i remember

if wave 3 is over now, then a rally phase should start to build over the next few trading hours

however, if seems like the 5th of the 3rd is still unfolding

here are the some others are interpreting this thrust down that began on Nov 5 at 2am and i was there

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1796251

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3026812

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3095409