dow

Something to think about here

this bear market which began a year ago has fallen in a classic 5 wave decline to where we are today.

Typical of this wave pattern, the bottom part of the 5th wave is where all hope is lost, any logical support levels are broken,people give up and sentiment is as pesamistic as it can get,it seems as though the market will never recover, this wave conatins capitulation, and is where a large 3 wave recovery begins.

I think the large vol spikes throught Sep and early Oct here are exactly all of the above.