Could be either or. I know alot of people go by hourly charts. Sometimes daily chart really gives a great picture. On daily chart this is still a triangle correction, during long corrections the daily charts do give much better picture. It makes a perfect triangle and it can actually go either way. So far its within that and its on D, ABC are done. As much as everyone says its gonna go down the sucker has gotten strong bounces from 12k every time.