Yes.

To be as precise as I can (and of course this is just my opinion), Mar 08 ended the large I wave. Wave II was thru Nov 08. We are in wave III. Wave 1 of III peaked in Mar 09. Wave 2 of III ended in either July 09 or Aug 09 depending on ABC or ABCDE. We are now in the early stages of wave 3 of III but it is too early to define whether, as Gartman contends, we are about to enter the correction of its first leg. That may or may not be complete. I do not see any break of the straight trendline of the power uptrend line (not on chart) which I normally associate with the wave four correction of a wave three. So, personally, I think even this small first leg of wave 3 of III has more to go.

If we get a correction which breaks the power uptrend line it may not be the end of the 1st wave either, it may the wave4 correction with yet another leg up to complete wave 1 of III.

I hope I have said this clearly. Elliott wave is a hard language to speak.

I will probably be away for the rest of the afternoon. If you post again re something I didn't make clear, I'll try again this evening.

P.