Update

This morning is interesting in that we are at price levels in the big indices that, if they give, could beget more selling and maybe the abandonment of the Santa Clause rally. As of now, I still think Santa Clause is coming to town. Look at the weekly chart with TD Combo on it. It needs two more weeks of higher highs and higher closes to generate a 13 count. Absolutely nothing says this has to happen; but its a decent set up.