Friday, August 26, 2011

Market Timing Update (8/26/11)

[EOD] Stocks -
[215pm] INDU squiggles -
see 2nd chart below
[1220pm] INDU squiggles -
Squiggle count from today's low, various tracking counts, can be mapped into SPX.
[1105am] on triangle -
If this is a triangle and wave E is in progress, wave D and wave E appear a bit short in duration. It might be prudent to leave room for wave D-down being still in progress and the current rebound as wave [b] of wave D-won.

And then, we have the bullish count. However, the rebound so far is a 1-2-1- need confirmation.

PS - also, NDX made a higher high

[1010am] SPX update, post BB@JH -
[952am] SPX update, pre BB@JH -
see the 2nd chart below.
[8am] ES update -
blog comments powered by Disqus