Thursday, February 13, 2014

Market Timing Update (1/13/14)

[EOD] Stocks -
One can count a five-wave advance from the February low (Chart 1). Chart 2 also counts a potential five-wave advance from today's low (Chart 2). - assuming no extension.

As mentioned in the 1125am update, a retest of the MA50 area, the red, green, gray lines appears likely (Chart below).

[1125am] SPX update -
SPX is around "head" area. A retest of MA50, the red, green, gray lines appears likely. See chart.


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