Hi Shack,
Thanks for the welcome. I've been lurking here for a couple of years. Mainly, I stay on the gold & natural resource boards, where I'm more apt to contribute and less likely to confuse.
I am at best sophomoric in my use of e-wave. I look for 3 wave and 5 wave moves that are painfully obvious, especially when they approach fib levels. But really, I'm not a disciplined e-wave practicioner.
Yes, from a psychology perspective, it looks to me like the first phase of the bear market ended at the March low. Up to that point, everything was still playing within a down channel from the all-time highs. The March low was the clear beginning of the power move out the channel, IMO, so that is where I place the low.
Somewhere in the 1200 vicinity (=/- 15) this rebound should top out in volatile fashion, IMO.
nspolar and I are kind of kindered spirits in the world of the markets, so I'll probably just go back to lurking here and let him speak in more eloquent fashion for the both of us. If I see a painfully obvious count in the precious metals world, I'll surely post it here with a crude explanation.
Regards,
crusty |
