Quote from: pinky on June 29, 2015, 09:28:55 PM

Quote from: RyNinDaCleM on June 29, 2015, 09:07:11 PM

I agree with luc that what we have seen is a completed zigzag from the top to 152, and that things are looking pretty bullish lately, but I disagree that what we have off the bottom is impulsive without ignoring waves that are there or assuming waves that aren't there. So I'm still for the large B wave if we see a decent rally here.

Do we really have to see impulse wave? I don't know much about EW, but could we not make something like rounding bottom (slow change of trend and then acceleration as it moves higher).

Absolutely we could see such a formation, but it would eventually turn into multiple nested waves which has as far as I see, cannot happen since the two moves off the bottom (314 and 304) are both 3 wavers invalidating a long term bullish move.

The idea of this beginning up as a 5th instead of the larger degree 3 that luc proposed, has a complete alternate count that has us done in the bear market as a 4th but it is a bit forced, imo, though it is plausible.