Market Watch – 01/06/2011

As I have posted before (Market Watch – 12/25/2010), the minute [iii] of minor 5 of intermediate (C) of primary [B] is about to end in the next couple of days.  I feel tomorrow’s employment data for December should be impressive.  The market may be pushed by this potential exciting news to the new high tomorrow morning and followed by a selloff to kick off the minute [iv] which I believe is just a shallow correction and is supposed to last about a week.  The target price of this correction wave [iv] may be the 20 days moving average.

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