Thursday, May 17, 2012

Market Timing Update (5/17/12)

[EOD] Stocks -
With the breakdown in stocks, odds now favor a wave X pullback (over a 4th wave pullback) on the bullish side or a new bearish trend from an orthodox high in many indexes. In either case, the market is likely to find near term support soon. See charts.

[9 am] ES update -