Monday, April 4, 2011

Market Timing Update (4/4/11)

[EOD] stocks -
Per the bullish tracking count, wave number 8 from the March low is likely approaching its end if not already complete. The bearish alternative is a 1s2s or LD down. Odds appear to favor the bullish count at the moment, until an impulsive wave down develops.

The rebound in NDX futures is relatively (especially) strong, following the completion of a potential zigzag.

[1pm] Count update (SPX, INDU) -
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