IMO the latest posts of sierra, robbbbbbb, voltaire & ninelives on the XJO thread are well worth a read. In essence they are asserting that we have seen the bottom of the Big Bear [and what an ugly sight that was, no offence to bears btw - LOL]. They are documenting the specifics of a retrace following the recent March-April-May rally.
The reference below is consistent with the posts above, but comes from GANN Global - pretty well-researched & very informative IMO.
http://www.gannglobal.com/
Best of good fortune & cheers.
Lapdog
4YIO - NFA
PNA Price at posting:
38.8¢ Sentiment: LT Buy Disclosure: Held
