Thursday, January 28, 2010's move was unexpected...

It looks like we were still in wave (iv) yesterday. Today might been the end of wave (v) with the new low, but we could easily be in an ending diagonal wave (v) that would call for new marginal lows.
Its getting harder to move away from the 20ma. We should start moving in that direction tomorrow and into monday.
Still looking good, the BPSPX:CPC will not cross until we are in minute [iii] down.

So essentially there could be another marginal low coming, but then we will get the sharp bounce for wave [ii].
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