B waves are phonies. They are sucker plays, bull [ou bear, digo eu] traps, speculators' paradise, orgies of odd-lotter mentality or expressions of dumb institutional complacency. They are often unconfirmed by other averages, are rarely technically strong, and are virtually always doomed to complete retracement by wave C.
If the analyst can easily say to humself, "there is something wrong with this market", chances are it's a B wave.
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