Replies to post #20076 on Wyckoff volume benchmarking / market profile bt a

[jxyzobrien]

part 2 the monthly

since this is a parabolic up move i expect fib .5 retrace to bottom of the
channel.

the down move is done next week and then the phony rally and
many will claim the bear market is over.

on the weekly you see a down up down to complete the bear.
worst case scenario we go to the bottom of the channel.

bt and i went thru monthlys in 2007 and saw pretty much the same
price action in every bear this is a little different