Tuesday, August 2, 2011

Market Timing Update (8/2/11)

[1pm] Count update(INDU, ES)-
A potential completion of a flat since the recent July high (less perhaps one more squiggle low)
Possibly a potential completion of a double flat (WXY) since the Feb high?
[1250pm] SP400 ($MID)-
broke its June and March lows.

[1120am] Count update (WLSH,SPXEW)-
Squiggle count on the decline - potential for a small ED and a larger ED
SPX equal weight index - breached its June low

[740am] Overnight update (ES)-
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