MMM june 2011

Above is 3M in june or so this year, the big picture. Here it is today:

mmm oct 2011

Notice that wave one and two were not that bad. 2 is , of course an a-b-c correction and should retrace to , about , wave 4 of previous degree, a little above $ 83. It could go higher to 50 or 60 %, close to the 50 day moving average of $87. After that it is downhill.