ZBZ on wsBear now thinks we may have seen the "turn up":
Posted By: zigbearzag : Date: 12/31/2002 at 14:43:00
...
the 8 day cycle had a cross over with the fast line crossing the slow line... indicating a bottom. Yesterday the 8 day cycle bottomed and the fast line kissed the slow line; today it backed off and now has sliced thru it.
Conclusion is the 8 day cycle has bottomed.
What does this mean to me? Probably have bottomed with both the 10 and 20 week cycle.
THUS, the EW count is possible now for the third down, BUT, it looks like the low today may be the end of wave 1 of 3 of 3; wave 2 up into Jan 15 +/- 3-5 days. Wave 2 target: i. 923-930; ii. 911-916.
Watch it close....
If we don't get this sucker smokin down in 3 of 3 of 3 style...the Jan Effect bounce wave 2 is upon us.
Some are saying 954 - 869 is wave B and wave C up to 955-970. NOPE!! Don't think so....923-930 me likes!
(Unquote)
Hmmm... "some are saying: 'wave C'"
Must be EnergyI he is talking about.
We shall see, but I certainly respect ZBZ's view