Friday, August 12, 2011

Market Timing Update (8/11/11)

[EOD] Stocks -
Today's sideways price action hints at a fourth wave or a 2nd wave (green) on the bullish side. The bearish count would be that a fourth wave rebound ended at today's high (red).

[215pm] SPX squiggles -
larger ascending triangle, double three, topped, extended 5th?

[1155am] SPX squiggles -
beautiful waves so far, see 2nd chart below

[1053am] SPX squiggles -
[750am] Overnight update (ES) -