If wave A is made up of three waves, we should expect wave B to trade back to the top of Wave A as a flat correction.

FORBES: Elliott Waves Warn Of Big Tumble Ahead For Stocks

"A lack of coastal irregularities, " such as substantial barrier islands or hills, and the Gulf of Mexico's flat bottom make southern Louisiana "ideal for wave damage, " according to the National Weather Service Web site.

CNN: Storm surge the fatal blow for New Orleans

The chemistry effort represents a new sophistication among AIDS advocates, who fear a wave of HIV deaths in developing countries due to flat funding for international treatment programs.

WSJ: Researchers Manipulate HIV Drug's Chemistry to Lower Cost

Investors probably have no option but to ride the wave, if only because the outlook for developed markets looks so flat.

ECONOMIST: Emerging markets may be the next bubble