Tuesday, December 9, 2008

Update - Symmetry

Markets coming back down a little… DOW is now currently down about 90 points.

Take a look at this 30 minute chart of the DOW… I want to point out that the fast stochastic at this same stage in wave ‘a’ failed to reach oversold and turned up (lower circle on left). The same thing just happened for wave ‘c’ which are the circles on the right.

Note the symmetry here… wave ‘a’ has the same structure as wave ‘c’ but is on a little larger scale. For that symmetry to continue, we need to probably come back down to about 8,780 and then break higher through tomorrow. If not, well, then the symmetry will be broken.