Friday, December 10, 2010

Market Timing Update (12/10/10)

[EOD]
The proposed lone ED in ES is still going, and could be counted as complete. Momentum has been waning and the fractured nature across indexes discussed yesterday remains. The top alternative count is that today's high is wave C of the proposed ED, with D-down and E-up to come per the red count.

The cash indexes appear to be breaking (weakly) out of sideways triangles


[8am] Overnight update -
The proposed lone ED in ES is still going.
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