Interpretation of EWT charts

Discussion in 'Technical Analysis' started by caveman38, Jul 27, 2009.

  1. caveman38


    I am new to EWT and this is my first post. I am trying to get my head around where we are at present on the charts.
    I get the impression that there are perhaps a couple of theories as to where we are at present on the charts.
    For example on the DOW I beleive that the majority feel that we are on wave 3 of the bull run following the March lows.
    The problem is that I read of some people that beleive that we have yet to complete the bear run following Nov 07 highs and are in fact on wave 4 ABC of that cycle.
    Would you guys put me straight as to where we are on the charts and if it is in fact down to interpretation.
    It will be easier for me to continue with my learning when I know for sure our current state. Thank you in advance.
  2. caveman38


    Silly question, wrong BB?
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