Chart update... sheet, down, the world is ending, no sign of...

Chart update... sheet, down, the world is ending, no sign of bottom... or is this wave 2?

"Second Waves (Wave 2) Second waves tend to retrace so much of Wave 1 that most of the profits gained are eroded. They tend to end on low volume and low volatility. In a bear market, this indicates a drying up of selling pressure. However, during Wave 2 most investors are convinced that the bear market is here to stay. " Sound familiar?

World markets tanking, so where will it stop.... when or what ann will kickstart our wave 3?

"Third waves tend to be strong and broad. They are typically unmistakable, as confidence in the direction of the new trend is clearly evident. Wave 3 usually generates the most volume and price movement, and they are the most likely wave to extend. The third wave of an extended third wave will likely be the most volatile point of strength in the new trend and things like price breakouts, continuation gaps, volume expansions, and increased breadth will accompany it. In Wave 3 for a stock index, nearly all stocks will participate. Because of the dynamics of this wave, it will provide the greatest clues to the correct wave count as it unfolds."

Ref https://stockcharts.com/school/doku...s:guidelines_for_applying_elliott_wave_theory

Monday looking like a bloodbath based on US still in free fall today.  Attention required over next few months to buy more accross the board at start of new up trend... lets hope its early 2019!