We show JAG once again, not because we are interested in this company per se at this time, but because it is instructive as to what one might expect from the markets in general. The 5 year cycle is complete , short perhaps of a minor wave 5 of 5 of C, and displays a textbook flat A-B-C. It loses 95% + of its value and drops right back to the 4th wave of previous degree and C is slightly larger than A. On some US indices we are presently at the high point of the B, on most others we are approximately where the red arrow is (or lower), that is at wave 2 of 3 of C or a little below that. The strongest drop is right ahead of us. We will see.