Russia - New kid on the block

Russia still remains the focus of a lot of news analysis and like Greece took the headlines in 2010-11 they are still front page. The Russian RTSI index does not appear complete and unless it breaks out of this 3 wave decline, the next leg down would end up being a 5th of 3 of C at very large degree. So watch this market closely as a breakdown in the coming weeks would indicate big geopolitical risks and social and financial turmoil in that part of the neighborhood.