US Markets- Jan.15, 2010

Please excuse the day break in my posting. Had to go to the hospital...might have to have surgery on my back...I'll find out later today. Anyways...the rise to 10700 in the DJIA finally materialized...although a month later than my original scenario (Dec.15, 2009). The bearish wedge is now part of two separate setups...the first, (a flat rising triangle), which led up to the santa claus rally...and the second, (a rising wedge) which was the santa claus rally...this setup is not too common...last seen back in the summer of 1986. The trading scenario still remains the same, however, the push above the trend line would be 10850...at a maximum, not 10650. If this is exceeded without a sharp reversal...a closing of the initial 1/5 of the short position will be warranted. As of today all scenarios still remain intact. Full details this weekend...after all, I should have plenty of down time. -Dio.