When a fifth wave is extended, we should be on the alert for a sharp correction once that wave completes its run.

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When an extended fifth wave is completed, we should expect a sharp recovery back to the wave 2 level within the fifth.

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This sharp increase of net all-wave radiation is related to the decrease of albedo due to the precipitation deficit.

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Elliott Wave analysis suggests that not only will the correction be sharp, but it will go deep and can potentially reach the minor wave ii within the fifth wave.

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If we get one sharp down day, I would look for a wave of bearish sentiment in the financial media.

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Our next step will be to figure out these minor waves, and once we are comfortable that the fifth minor wave is underway, we should exit most long positions and prepare for the inevitable sharp correction.

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