yotta's chaotic, disordered, confused thursday, page-17

I wondered what a C wave was and now I know, but where are we on this wave?




Wave C: Prices move impulsively lower in five waves. Volume picks up, and by the third leg of wave C, almost everyone realizes that a bear market is firmly entrenched. Wave C is typically at least as large as wave A and often extends to 1.618 times wave A or beyond.

http://en.wikipedia.org/wiki/Elliott_Wave_Principle