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Strategies & Market Trends : Zman Market Timing
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From: zman693/12/2015 8:10:21 PM
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For the bear scenario yesterday's 3/11 low was wave 1 down and today's bounce was either part or all of wave 2 retracement. Next will come the wave 3 down which should be a waterfall decline. The only question is whether the wave 2 chops around waiting for Yellen and company next week and their removal of "patient", which is then follow by the wave 3 crash lower, or whether the crash begins immediately.

For the bull scenario the 3/11 low is the line in the sand that must hold or the flood gates will open up to the downside.

We are at the bifurcation point between bull and bear. Now Yellen and the market must DECIDE which is to play out.
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