Is the most powerful of all waves right around the corner?
The short answer is "YES."
See an idealized impulse wave 3
in bull and bear markets.
The long answer will help you anticipate where and when
http://www.elliottwave.com/freeupdates/archives/2009/09/15/Is-the-Bear-Markets-Most-Violent-Decline-Right-Around-the-Corner.aspx
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