We may have put in a wave 4 low of 1626 last Friday 1/4/13- see the following weekly chart starting Dec 2011.

We finished an ABC down from the 1798 wave 3 top which had a 1629 target. Wave 1 start at 1524 (12/30/11) to the center of wave 4 at 1712 projects a 1900 wave 5 target. A move below the presumed 1626 wave 4 low cancels this target.