No major development since the 4th wave bounce started. Doing it's job of 4th wave quite well, I must admit :) In that it's confusing everyone. There was a very interesting development yesterday though. The dax came within 2 points of it's previous bounce from lows peak (where the 4? is) and then went down in a hury shedding more than 300 points. The fact that it...
The market seems to be chopping everyone to death. There have been some wild seas ever since the mini-crash which shaved more than 2000 dax points. So far the idea that we started a bear market is alive and well. The current wave, presumably a 4, is doing it's job of being unpredictable, which combined with the assumed bear market rally makes it very difficult to...
So far so good. The bear market rally I was warning about was quite vicious and went up about 1000 points in 3 days. It peaked just shy of the 50% retrace (high was around 10.380) before reversing today. The big question now is: is the 4th wave already in? That is difficult to assess, since the current bounce didn't stop at a specific Fib level and the structure...
As previously warned, the bear is back! Wild swings have characterized the market yesterday and the ((3)) did indeed bottom at the lows from Monday. The following rally was vicious and almost tagged the 1st target at the 0.382 retrace (high was about 40 points shy of that). The ((4)) could be in, or it could develop into something more complex. No way to know...