Minor Waves 1-4 of a possible major C wave

Wave 1: 3.03/3.70(up 22%)

Wave 2: 3.70/3.31(down 11%)

Wave 3: 3.31/5.00(up 50%)

Wave 4: 5.00/3.75(down 33%)

Wave 5 underway: 3.75 - ?

Wave 5: 3.75 - 6.06 up 61.8%

or

Wave 5: 3.75 - 6.52 up 74%

or

Wave 5: 3.75 - 7.50 up 100%

Fib retrace of minor wave 3: 3.31 - 5.00 was ~ 61.8%(3.78) close enough to 3.75. Wave 4 bottoms(3.75) rarely go below wave 2 tops(3.70 in this case)

4.25 - 38.2% (today's high)

4.01 - 50%

3.78 - 61.8% retrace(3.75 today's low)

3.03 - 100%

Only thing we don't have is volume...yet. Nothing that a short covering rally won't fix.

Short History

		Symbol	Report Date	Volume	Change
		SGR - V	2010-05-15	1,528,255	266,355