Hi KevinM,

The zoom through marks the passing of the now present ML. It's the same center line that Fry used before the "C" pivot was made. The current fork is pendulum, but is a downsloper in a downtrend and the zoom would mean that price should go the next line or the LML.  The controlling swing edged out earlier on its up sloper, and the with the lows not in, there is more than enough energy to make it to those levels now.  The pendulums main job is to project where price should run out of energy, but they often also will project project overshoots/undershoots etc.  People here have been kicking around analog years all year, but it has gotten quiet about that recently.  75', 82, 85, 96, 92, 2000,2003, 2005, 2009, 2012, and 2013 all had some variation of this formation in different contexts. But, NONE of them didn't at least retest the lows, most made new lows - and all of them that that had hagopians met their objectives.  So the longer term outcome is pretty clear, the only thing that remains to be seen whether these highs stand.  Another run to the highs would not change the outcome, only delay it and supply more energy to go lower unfortunately.   I say let's get it over, and get the cement blocks off from around our necks.   A run into those long term objectives would be better than chewing along here IMHO..