Tuesday, January 11, 2011

Market Timing Update (1/11/12)

[EOD] Primary count in ES is the green flat for wave [iv] given the potential ED in NQ. Other possibilities are shown on the ES chart.

[730am] Overnight update -
Potential flat (triangle) in ES and ED in NQ. The blue-count in ES offers the bullish alt, which gets elevated if ES delivers a new high on this leg of advance. The proposed ED in NQ is not the greatest looking one, but we know where the break point is.
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