Monday, December 17, 2012
Elliott Wave Count Update
We have a potential completed Elliott Wave Count off the March 2009 low. It counts well as a double zigzag in a cycle wave B bear market rally. Of course, nobody believes it is just a bear market rally anymore, but the goal of bear market rallies is to convince all market participants that it is a new bull market. I would say the bear market rally has done its job, to say the least. We truly do live in interesting times, with historical extremes being reached in global finance.