UPDATE 2014 Jan 30
This count fits Russel and DOW with one rule break of the low on the 9 October of a lower low than the 27 August by 41 points, however based on closing prices this is not an issue! The Composite is one wave scale smaller which would make sense in that it peaked in 2000 and Technology leadership for the near future ( possible a couple of decades yet) will be retained in the US. This count also reflects the DAX.
We have just passed the mid point of this bull market off the 2009 bottom. We should get a low next week around 1766 before we test 1900 in May based on ideal wave targets.
Original 2013 April 16
Below you can see the W trend channel.Prices have broken through the ML which can now be seen as support. Below you can see that prices dropped below W012MLL, however WL-1 has given support and prices are failing to work their way back upto the W012MLL. D3 may be in as stated in SPX M. It is expected that D3 will be confirmed by a drop of prices below WL-1. Looking at the D trend channel still on W tick scale we can see that prices were overbought at the recent high;And prices are still in the lower D012 channel.So it looks highly probable that D3 is in, however confirmation on this scale would be a break below D012MLL, or we can go down further wave scales!