IF this count is correct we could be at a temporary or even possibly a long term bottom. I have two "B " , if the 2nd one (B?) is the correct one then may have more drop to the .84 retreat. Must watch the price action the next couple of weeks for comfirmation. Process you way.
@rudcharts, thanks. I haven’t looked this index for awhile. I have been selling some my natural gas and oil related interests as seemed toppy to me. If I get some time I’ll look at the whole picture and try to follow up with you. Take care. If you have some opinion about this please let me know.