A well-formed impulse up from the recent low, with an extended 5th (Chart 1 on ES).
No change in the tracking counts (Chart 2 on SPX) -
bullish - initial reversal
bearish - A of ABC 4th wave a potential expanding EDT-down
See yesterday's update for larger counts.
An update on the Global Dow (Chart 3, 2nd chart below) - see Around the World in 5 Waves (9/30/11) for discussion.
[1255pm] Gold update -
[1140am] DAX update at the close -
[740am] ES, DAX update -ES - a visual 5-up from the low, leave room for an expanded EDT should there be further weakness.
DAX - up 4%, yesterday's low is a key pivot.
