Third Tipping Point

Buying panic today should complete a wave iv correction that has lasted for about two weeks. According to tonight's special STU, technical indicators hit extremes - up volume was 89% of all volume, McClellan Oscillator was the most overbought reading in 20 years, and breadth was the most biased towards 'up' since 1994, at the lowest low just before we began the Greatest Stock Mania of All Time. In contrast, the wave pattern says this is a last gasp before we hurry downwards towards our next stop at Dow9700, near the level targeted by Zoran. The level to watch is Dow10322 - if this is exceeded, then the count is off and the Bulls will run.