Thursday, May 16, 2013

Market Timing Update (5/16/13)

[EOD] Stocks -

The first two charts updates the squiggle counts in INDU. The green count accommodates a small-degree v-up for wave (v)-up off the May 13th low, recognizing an expanded flat consolidation in INDU over the past two days. The red count completes (v)-up at today's nominal high. Chart 3 to the right shows the larger counts in SPX.

[840 am] ES update -
Note the green and black counts.