Your 'THEORY" or better yet, ELLIOT's Theory takes into account a "Free Market".
You forgot to factor in the FED and the GOVidiots.
The G factor will put a huge hole in the Theory.
Times have changed my friend. Time to find a new theory called, "WE AINT GONA LET THE MARKET SELL OFF" by the authors of the GOVERNMENT AND FEDS.
The FED did not ask to impliment SWAT teams for the heck of it.
The Global Finanical SWFs, did not come to the rescue for the heck of it.
Sorry fella, your theory is an old theory, soon to be out dated. It will go the way of "CAPITALISM". A nice theory from the past but no longer valid in the eyes of the "LOOTERS".
UPTICK RULE, soon to be re-instated.
Game over.