Aye, I’ve been all over ElliotWave (getting their free newsletter daily but not yet a subscriber) and many other analysis sites for some time now. Also receive John Mauldin’s newsletter daily (excellent analsysis).
One picture that is emerging in my mind is that all this intervention is having havok on a lot of these theories and market analysis tools, many of them go off normal market condition algorhythims that aren’t a good fit for up to 10% variations through a given day.
The indications I’m seeing is that the overall trend is still bearish, but there will be soft bottoms and one or two day rallies to fool the clueless.
