IF the DJI exceeds 10,260 it will validate the count since last week, that Minuette c of Minute ii of Minor 3 is in progress and the Minute ii has been in progress since Thursday AM. I think this c will itself be a Sub-Minuette zigzag. Once this is out of the way then I1 should swiftly take hold for a 3rd of a 3rd (this being Minute iii of Minor 3). Support will be almost 500 points down, at 9800.
President Obama voiced his concerns about the speed of budget cuts in a letter to G20 leaders last week, while Treasury Secretary Timothy Geithner told the BBC that Europe should focus on growth as well as cutting spending.
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