The Black Box

[mjk]

Hey the futs were only up 5 when I posted this, so please no one say I was stating the obvious <g>.

We should be getting close to seeing just what type of "correction" we'll get in Dec. I'll start with saying I'd expect today to fill this gap right away, but reverse and close somewhere near 2140...this is still pointing towards a ~5% correction starting around dec 6-9 from around 2175. If we don't fill the gap and we end up moving higher but closing near the open, I'd start thinking a much stronger dec is possible...with the 9/13ema again being support. Most likely is still to get some kind of peak above 2153 in another week or so IMO.