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Refer to these charts while listening to the interview. These are examples of Elliott Wave "running triangles". The bear pattern is what we're interested in. The bottom of the dashed line would be the October low. Point "a" would be the early November high. Point "b" is the November low. Point "c" is the early January high. Point "d" is the January low. Point "e" is completing now. Most of the major indexes currently demonstrate this formation. The Nasdaq 100 has actually completed point "e" with a "throw over" thrust, which is fairly common.