Friday, February 24, 2012

Market Timing Update (2/24/12)

[EOD] Stocks -
Still a three down from the high so far.


[2pm] SPX and INDU update -
A follow up on the EOD updates on Feb 23 (SPX) and Feb 22 (INDU). The discussed options continue to track.

SPX is now well on its way to wrap up green #9 (moderate pullback or consolidationg to follow) and purple #11 (major pullback to follow).

INDU is now well on its way to wrap up green [iii]-up or blue (b)-up of [iv]-down.

See charts.


[820am] DAX and ES update -
DAX and ES topping. See detailed counts in charts.



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