2pm update - 5 waves...complete

It would appear the little 5 wave down cycle is complete, with the bears managing an sp -10pt decline to 1671 - which is interestingly where the hourly charts offer first support at the lower bollinger. Moderate upside into the close seems very likely


sp'5min

sp'60min2

Summary

*Despite anticipating a floor, which I think will hold..I'm just not in the mood for getting involved.

Am tired of this nonsense.
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With Bernanke speaking tomorrow, I should probably have sedatives on standby.