Wednesday, January 11, 2012

Market Timing Update (1/11/12)

[EOD] Stocks -
The subject primary count is the green count in Chart 1. Wave (c)-down of [iv]-down is likely next and is likely to push SPX to the 1280 area.Chart 2 reminds us of the larger picture.

[335pm] ES/SPX update -
Potential flat - if so, expect wave (v)-down of [iv]-down to show up next and overnight. SPX has the same wave structure if one accepts a lower low during pre-market hours. See the [840am update] for the larger count.

[840am] DAX, ES update -
Potential 5th wave extension in DAX and 4th wave (green) in ES.