Per the updated snapshot below, so far the chart has not plunged as low as the blue model would have expected for a 3rd wave and so things are getting muddy there. This should resolve itself today but for now there is no clear winner to the struggle yet. My obvious hope is that it heads down one more wave per Avi's model so that we can have clear idea that a long term bottom is in. Failing that, Prechter's model will take the lead and it is a lot less bullish for commodities going forward (to say the least).
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