"Wave 2 should regenerate substantial feelings of optimism. At its peak, the Fed will appear to have saved the banking system, and investors will be convinced that the bear market is behind us."
The Elliott Wave Theorist - April 18, 2009
For a technical perspective, review The Point of Recognition.
For a psychological perspective, review The Return To Normal.
"The door to the last great selling opportunity is wide open at the moment." Elliott Wave Theorist 8-27-09