Monday, November 30, 2009

Monday 11/30/09 Market Update

Above is a 1 minute chart of the Dow Jones Industrial Average. The market continued sideways today but did not break out above Friday's rally high. If this does occur tomorrow, wave C of (Z) of [2] may be underway. Otherwise, it may be that wave B is not yet complete, that wave [b] or [y] of B may be underway.

So if prices do not rally strongly tomorrow, the market may still be in correction. Because there are so many options, I will refrain from posting a count.

blog comments powered by Disqus