potential wave 5 down about to start if the unemployment numbers are as bad as some are predicting. after this, ABC corrective wave up, and then another move to lower lows. is this too negative?
Some possibilities I'm preparing for:
We finish wave 5 in the wave C down. Then we bounce from there into a wave 1 up.
Or this whole down move is part of a larger A wave down, which means there's a lot more left to fall.
I'm kind of thinking the latter, but time will tell.
Either way, I'm expecting lots of volatile moves up and down, so I'm managing my...
I think we finished the B wave up, which was 50% of the A wave down, but it might bounce up a bit more.
Then there's the C wave down, which will probably be 100% of wave A, but you never know. It could be truncated or more likely, extended. The Fed is meeting Mar 18 so I think that timing lines up for the end of wave C.
Thoughts?
