Tuesday, July 8, 2014

Market Timing Update (7/8/14)

[EOD] Stocks -
It's easier to count the decline as a three than a (potential) five (Chart 1). Suspect another new high coming, potentially as the terminal wave of an EDT. The green count in Chart 2 illustrates pieces can fit - the current pullback is wave b-down of wave (e)-up of [c]-up as marked. Let's see what market delivers tomorrow.

[1050am] SPX/INDU update -
near term tracking. see charts.


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