Martis - here is a what if ....and I am looking for a serious discussion here rather than trying to be a smarty.
What if that high at the beginning of 2010 is Big 1 up and trading since then has been an ABC with Big 2 being the low in October. That means we would be in Big 3 up. Such a sharp move up has a lot of the hallmarks of a 3 although I do admit that B Waves can also be fast and furious and are there to just make everyone think the bull market is on again.
I'm not saying my "what if" scenario is on but it has just been a little niggle at the back of my mind for a while and if everyone starts printing money, as I suspect might be the case, then it could very easily come to pass.
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