Odds for the Dow on 12/9/2010

Hour	Next Day Odds	Current Wave*	Comments
9:31 Open	56% Down, most frequent range was negative	A of A-B-C or 4 of 5	With hard selling all day yesterday, it's possible the up wave is over and the market is carving the early stages of an A-B-C correction. If new highs are made, yesterday could have been a 4 of 5
9:50 AM Pre-Data
10:10 AM Post-Data
11 AM	59% Down, most frequent range tied between positive and negative
12 PM
1 PM	58% Down, most frequent range was negative
2 PM
3 PM	52% Down, most frequent range was positive
3:50 PM Pre-Close	52% Down, most frequent range was positive		mixed, not good odds to be long or short
4:07 PM Close	51% Up, most frequent range was positive		could be in for a 5 of 5 if new highs are made tomorrow

*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	25/34	74%	29/34 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)