I don't understand why people believe that the bear market will only last 'a few weeks'.
In April 2013 wave B took 8-9 days, now it took 19-20 days, at least 2x longer.
And wave C went from the 24th April to the 6th July, about 2.5 months.
In 2011 wave C took about 4-5 months, and so far the market resembles the 2011 patterns.
So IMO this bear market, which may have some nice rebounds, should take about 4-5 months.
Tzupy, what's your ~ target for bottom of Wave C at this time? In April 2013 wave B took 8-9 days, now it took 19-20 days, at least 2x longer.
And wave C went from the 24th April to the 6th July, about 2.5 months.
In 2011 wave C took about 4-5 months, and so far the market resembles the 2011 patterns.
So IMO this bear market, which may have some nice rebounds, should take about 4-5 months.
