Thursday, November 24, 2011

Market Timing Update (11/24/11)

[1030am] ES, DAX update -
Lower low in both, after a 4th wave (see black count below) rebound in ES.

[1220am] ES update -
ES rebounding in quite overnight trading and has recovered about 50% of Wednesday's decline at the moment (Chart 1). Chart 2 offers a larger count. See Wednesday's EOD update for details.