Monday, December 21, 2009

Monday 12/21/09 Market Update

The market gaped higher today as the above 1 minute chart illustrates. The rally appears to have been wave iii of (i) of [iii]. It is possible wave (i) completed.

A 10 minute chart is above. So far the highs seen earlier this month have not been reached. Wave v of (i) could reach a new high tomorrow if it has not already completed.

blog comments powered by Disqus