The 5th Wave ... !!!

Finally - The fifth wave is here. Look at Nucor now. It is in the Honey Zone! There are many stocks getting to this 5th wave position on the downside right now. Others like Rose got there earlier and are even more likely to break down more if market conditions do not get better.

Companies like Apple have gotten to a 5th wave position but only relative to the last quarter's momentum.

I don't see another 5waver down from here, but the x-wave action from here could be far more choppy than I had expected.

I was wrong when I predicted the correction would be in the form of X-waves, which would take stocks through appropraite blow-off activity without indicating a complete reversal.

The 5 wave movement down is a clear reversal of momentum and and not just Bull market steam. This is truly an epic battle of the Bears vs the Bulls. Each side has now had 5 waves back to back with no X-Action in between. This is a very Rare condition and the buying opportunities are tremendous. The losing opportunities are tremendous as well.

Be careful from here.

I still like all the stocks I've chosen thus far and am riding through this severe pain period with maximum dividend reinvestment while watching for the final shakeout on stocks like Nucor Steel.

I was hoping for x-wave continuance, then hoped for 5th wave failure, and now I can't believe my eyes!

5 waves up followed by 5 waves down I'm seeing all around!