10/15/12 - EOD Update

60 Min 

The bulls are trying to stage a comeback here. They are not out of the woods yet but have managed to put in what appears to be five waves up on a double +ve hrly MACD divergence.

The bears are still in the game and appears to be working on either all of {ii} or only wave (a) of {ii} before the flush down if they can hold the bulls below the lower blue channel.