Hourly is forming as I suspected. We should easily see DP today-- and if this is truly the bottom, the classic reversal is to match the top of the last wave 148.3X [R1 area] before testing the lows, then we will resume the overall trend to the North Pole for Christmas to see Santa Claus.
If it fails at the DP [which is about the 50 fib of the last wave] probably more downside--doubtful though.
Just ideas.
[although I'm still doubtful we'll see 1.53... but it's just a theory ]
If it fails at the DP [which is about the 50 fib of the last wave] probably more downside--doubtful though.
Just ideas.
[although I'm still doubtful we'll see 1.53... but it's just a theory ]
--- Gone --- RIP 11/27/09