Friday, October 14, 2011

Market Timing Update (10/14/11)

[1145am] DAX closing update -
DAX satisfied the minimum requirement of a high, but the small-degree 5th wave is likely to extend or hasn't started if the small-degree 4th wave is still in progress.
[950am] SPX and DAX update -
SPX, small-degree wave 5 (or [b] of 4, or [iii] of 3?) in progress. Wave 5 should be capped at 1256 if wave 3 is not extending.
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