1 Oct 2013

Everyone was quite surprised that the markets rallied today amid the gov't shutting down.  If our pattern churns out a 5 wave up by morning we could either call it a 1st wave or an A wave of a B wave corrective move from the lows made on the 30th of Sept.  Our Intra-day is at overbought position and would look for a reset and confirm a higher low for the bulls to take control.

Main-Trend: DOWN (Unconfirmed)
Short-Term: DOWN