The wave structure doesn't get much better than this. We have 5 waves down and three waves up (at least from a 30 minute chart its sure reads that way).
Kissed 1100 again. 50% retrace. Time-wise on the cash index we have nearly 4 days of decline followed by 2 days of retrace.
Yeah it could turn into something more complex, but for now we'll just throw a big fat (ii) on top at the 1100 area and see what happens.