Russia - We are back

You should hear a lot from them again, the Russians. The Russian stock market should now have started wave 5 of C down as it breaks the a-b trendline for the recent bounce. So its not just about targets which can be a retest of the recent low but possibly a lot lower. Wave C of such large degree can have social consequences. They reflect the negative social mood within the nation that bursts out in one form or the other either domestic or geo-political risk. So I think we are going to hear a lot more from them again.