Market Data 
Markets
Replies to post #80825 on Triple 000 and Sub-penny Chart Plays
Weekend Update
Posted on January 9, 2016
LONG TERM: bull market under pressure
Since the August-November uptrend rallied 249 points,
and the correction, since then,
has already declined 198 points,
it is getting close to a full retracement.
A full retracement at this stage of the bull market,
in OEW terms,
would probably suggest Primary V ended
with a fifth wave failure at SPX 2116/2104,
and a bear market is now underway.
Should the market drop another 3%,
it dropped 6% this week,
the bull market is probably over.
The stock market usually loses,
during a Cycle wave [2] bear market,
45% to 50% of its value.
So the bear market could be quite severe.
AI
