No, what I mean is that the Dow was in a 5 wave move down from 9046 and whilst it remained in the channel it was still possibly a wave 4 up with 5 down to come.
It has pesently broken out of the channel but could well be a throw over and that is why I am out of the market presently.
I do not mean a new bull market just that the present downwave has ended.
For reasons as stated and the Key monthly reversal on the DOW in DEC it would be very unusual to make new highs.
