Tuesday, March 5, 2013

Market Timing Update (3/5/13)

[EOD] Stocks -

[805am] ES update -
Bullish considerations - wave 5 up, IHS pattern - making the current rise [iii]-up of 5-up or (i)-up of [iii] of 5.
Bearish considerations - advance appear to be driven more by large stocks than mid to small cap stocks. Potential ABC-down and ABC-up structure so far, suggesting a flat/triangle wave 4-down still in progress.