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Dec 3rd, 2009: Morning Update – 1 Degree Higher

Posted by pugsma on December 3, 2009

OK, sliding things up one degree higher has wave 5 of [5] of P1 ending at 1117.09 this AM.  Will it hold up?

We had a big drop down to 1106 this AM after 1117 was hit.  Very similar to yesterday.   For the down trend to be fully confirmed, we need need a lower up-channel break at about 1105 around noon today and then we need 1097 (wave i peak) to be taken out.

1-min Chart:

5-min Chart:

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