Monday, August 1, 2011

Market Timing Update (8/1/11)

[EOD] Stocks -
No change to the 250pm count - low is in for the current leg (blue) or one more lower low per EDT (red). Here are versions for WLSH and ES.
[250pm] Count update (INDU)-
Using INDU as a proxy for stocks, chart 2 offers two squiggle counts of the current decline.
[1010am] Count update (WLSH,ES, TNX)-
A potential small-degree 5th wave flush following the ISM report, potentially completing a proposed triple three in 10Y Treasury yield (see weekend commentary).
[750am] Overnight update (ES)-
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