Odds for the Dow on 12/7/2010

Hour	Next Day Odds	Current Wave*	Comments
9:31 Open	52% Up, most frequent range was positive	5 of 5 or A of A-B-C
9:50 AM Pre-Data	No data today, will skip this update
10:10 AM Post-Data	53% Up, most frequent range was positive	5 of 5 or A of A-B-C
11 AM	51% Up, most frequent range was positive	5 of 5 or A of A-B-C	Weakening odds suggest a possible turn on a new high
12 PM	51% Up, most frequent range was positive	5 of 5 or A of A-B-C	Weakening odds suggest a possible turn on a new high
1 PM	50/50, most frequent range was positive	5 of 5 or A of A-B-C	Turning point possibility
2 PM	53% Up, most frequent range was positive	5 of 5	5 of 5 cont'd?
3 PM	55% Up, most frequent range was positive	5 of 5	Looking stronger
3:50 PM Pre-Close	54% Up, most frequent range was positive	5 of 5
4:07 PM Close	52% Down, most frequent range was positive	5 of 5	Wave A of an A-B-C correction could start at any time, but new highs could still be ahead, tomorrow is mixed. With the odds being wrong two days in a row, it's unlikely it will be wrong again though.

*The timeframe of the wave is more like an hourly timeframe, meaning a wave that will form over the course of 5-10 trading days. Subject to revision intraday.

Stats:

Category	Prediction Rate	% Correct	Notes
Direction	23/32	72%	27/32 disregarding minor closing range (losses were 0.30%, 0.65%, 0.20%, 0.22%, -0.85% gains could have been made on 2 of those days)