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Dec 10th, 2009 – EOD Chart

Posted by pugsma on December 10, 2009

Update (4:30 pm):  Key Levels to Watch Tomorrow:  1110 Up and 1096 Down.

Nothing has changed since the afternoon update.  Maybe the drop to 1098 was all we are going to get for the the alternate count wave 2 and the gap to 1096 won’t fill or we could drop down slightly to 1096 in the morning to complete the wave 2 down.    We could gap up at the open tomorrow in a massive wave 3 if the alternate count is correct.   Or we could gap down in a massive wave (3) if the primary is correct.  Ain’t it fun how the market always keeps us on the edge of our seat over night?  😉

The SP-500 did manage to close above the 20-day SMA of 1101 today, so that’s bullish trending toward the alternate count.

5-min Chart:

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