Torqputty - Pretty much. It really matters where we open Monday morning. If we open on Monday below the 1260 level then we would be looking at a possible start of the Weekly Phase I. If we open above the 1260, then it could just be a Daily Phase I, with the Weekly Phase I (correction) hanging over our heads for another week. It would be nice to get this correction underway.
JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."