Appears that the wave 2 zig zag from the recent highs has concluded where wave A was equal to wave C of the pattern. It also happend to coincide with the 200 day moving avg. I am looking for much higher prices (if this infact the low) and the start of the impulse higher in a very strong wave 3. I will be adding to positions on a break of the .618 fib level @ 385 , and the .786 level 394.5 of the c wave down of the zig zag. (MY obj price is 4.92 ) 1.618 times the length of wave 1 . wave 1 started back on 9-10-12 and concluded on 10-22-12 . this is per the jan contract and will be adding new positions in feb and march time frames.

Good trading
CK