Market Breadth Data******************************

Wednesday, December 17, 2008

To use the analogy from the other day -- the SPX got out of the corner, and is bouncing against the ceiling:



SPX map for Wednesday, Dec 17th:



To answer your questions: this is a 5 min. chart, and along with support/resistance levels I also include the time of some of the most important intraday cycles (vertical dotted lines).

There is no guarantee that the intraday cycles will follow a high-low-high or low-high-low sequence, although that is often the case:

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