Wednesday 10Sept2014 - Are Stock Markets Due to Decline?

From Elliott Wave Short Term Financial Forecast.

Minor wave 5 of Intermediate wave (5) of Primary wave C (circle) of Cycle wave b again stalled at the top line of the parallel channel formed by the Primary wave C (circle) rally from October 2011. Sentiment has remained extreme throughout the year, as the Investors Intelligence Advisors' Survey shows the bullish percentage at over 80% (bull/bull+bears). The initial leg of Cycle wave c will not be a slow, grinding affair: it will be a "collapse," as noted in the new issue of The Elliott Wave Theorist.