Sorry, yep it is not like paypal rally, i just meant that you have a bit too much bull bias in you again. 
What big wealth transfer btw? One could think grexit to be the news this time, but in a longer time frame, but i don't really focus on news that much. Ryn has showed in this thread a good count or then we might be in a longer correction, but to declare that the bottom would be in, that is way too early and imo not likely.
What big wealth transfer btw? One could think grexit to be the news this time, but in a longer time frame, but i don't really focus on news that much. Ryn has showed in this thread a good count or then we might be in a longer correction, but to declare that the bottom would be in, that is way too early and imo not likely.bias = predjudice. I have a lot of evidence in terms of EW that this is bullish. People are ignoring the breaking of the log trend line like it never happened, but this is exactly what we look for to spot a reversal of one higher degree in both impulses and ABC. The form of the current uptrend is bullish. When I say wealth transfer Im talking about the chinese stock market and what that implies. already a generation of chinese investors have been wiped out of the chinese stock market, the aftermath of 2008 is the biggest wealth transfer in the history of the world by a mile even inflation adjusted. I havent declared the bottom is in, but go figure, it could be a correction or a bottom and they will both produce significant moves as a guideline.
I didnt see ryans count, but the wave ii count has expired this is not a running flat.