Monday midday @ 843 – the market has pulled back to the 807 level and now is attempting a second leg up on the daily time frame.
Monthly – trading at the median line of the down fork. 916 starts a new retracement up. and 724 retarts the down move. divergence remains in place. downward time pressures will begin in May 09 and remain in place throught 2009.
Weekly- this current down cycle ends 2/20. 848 will start a new move up. but the EP for the down move is close by at 806. the indicators are showing divergence warning of a possible rally.
Daily – in the down move next price objective is 795; indicators have turned up, need a trade thru 848 to start the upmove. the down cycle ends 2/6.
Intraday – has started an upmove target 863 and already at an intermediate price objective – use an 832 stp.