Welcome to December! I'm counting todays huge advance as the first wave of v of 3: see NAZ/SPX 120105 charts. Today looks very similar to the kickoff rally we had after the oversold Oct 28th low, the start of wave 3. It tried to get everything back in one day, and for the NAZ/NDX and SOX it succeeded (new highs). The others will follow. Make sure to read: Inside the Wave, below. Tomorrow closes out an interesting week. Peace!