Before being sold off to new lows, Monday saw and intraday rally off of from new lows. As if following the same scrrpt, new lows on Tuesday were met by buyers who stepped up late morning. Only time will tell if sellers rehearsed their lines and are ready for an encore after the lunch hour.
If this bounce isn’t sold immediately, then we should be able to mark a wave (i) complete at morning lows and begin our search for the end of (ii) for resumption of the downtrend. Seeing indications that b of (ii) is complete would build confidence in the count and help us find likely targets for the end of (ii). That would leave us relying on the white count from Monday evenings issue of The Standard Deviant. For now, the blue rectangle provodes a wide range of possibilities. Particular areas of interest are 9915, 9954, 9978, and 10017.
