The latest Global Market Perspective carries the most appropriate marking for what I think is happening in the world today. This chart courtesy Elliott Wave International says it all to anyonetuned to Eliotts markings.

 

In my recent video update I shows how several European markets

ended 5th waves in 2008 at supercycle degree and 2009 was a wave A bear market and 2010 was a wave B bear market rally. Wave C has probably already started.

 

I can see this wave count on India and several other markets including the US. I think this count fits the Dow/S&P as well.

 

2008 appears the Elliott wave 5th wave top for the Globalised world market. It is now apparent that different world markets topped at different times over the last 6 months many not confirming the new highs in the US and now the US has broken its rising trendline yesterday from the March 2009 lows along with many other trendlines as

shown in the attached charts.

- Courtesy Rohit Srivastava