Monday, March 11, 2013

Market Timing Update (3/11/13)

[EOD] Stocks -
Well-developed small-degree five wave advance from today's low in SPX (Chart 1), potentially wrapping up a 5th wave (Chart 2), which fits into the larger structure in this chart (215pm update). Chart 3 takes another look at the 7 overlapping waves up from the 2011 low.

[215pm] SPX update -
Near term bullish (blue) and bearish (red) tracking counts [Chart 1], and one larger degree count [Chart 2]. See charts.

[11am] SPX update -
See weekend commentary (New All Time High (3/8/13))for discussions on near term and long term counts.