Replies to post #438 on Alternative Reality

[gdl]

Not talking about final collapse. I am talking about the First drop followed by a huge one month rally. Elliot Wave structure looks for this and has in fact predicted this fall.

Usually a drop like this lasting 5 months should have a capitulation drop to flush out the bear and allow for a resurgence.

I never thought of this as the final one stage drop. it usually takes 3 or more waves to turn investors off. January on is one big wave with no decent rebound at all. We should have a one month rally before the real drop occurs. Scary to think if this is just wave one what will wave three look like.

Perhaps wave ONE is this defined 5 month channel that ends with exhaustion instead of capitulation. I know i am exhausted waiting for it to end.