Friday, November 25, 2011

MTU Weekend Ed. - Shaping Up (11/25/11 Close)

The November sell-off in stocks has now become orderly enough for one to narrow down top counts and identify (at least local) turning points.  See charts.

In addition, stocks have retraced around the Fib-0.618 of the October advance.  This is the first major correction of the October advance - if it is one. See Keep it Simple (11/18/11) for big picture tracking.