Thursday, April 22, 2010

Market Timing Update (4/22/10 Close)

SPX - Chart 1 below updates the three competing near term counts discussed in recent updates. At the moment, I am leaning towards the triangle count (blue), as well as the bearish count (red), mainly due to the squiggle count shown in Chart 2 below. Rising above today's high will practically confirm the immediately bullish count (green) or its variations.

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