Wednesday, December 28, 2011


The market started its correction as I had predicted yesterday but it holds the potential for a deeper correction as today's bearish leg could be considered the A leg. However, the market will bounce as soon as tomorrow and we should see if it is a B leg or the start of the W5 to 1300. The market just needs a minor excuse to rally again since all the overbought conditions have been somewhat worked out today. I guess we'll see what headlines the market will grab on to..

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