Tuesday, November 25, 2014

Market Timing Update (11/25/14)

[PS] JNJ (Johnson & Johnson) tracking since 2009 -
In response to Mkt Man: here is one tracking count on JNJ since its 2009 low.

[EOD] Stocks -
Sideways price action over the past three sessions raised the possibility of
[1] a fully extending impulse wave from the Nov 13th low on the bullish side (green count in both charts) OR
[2] a very weak EDT whose wave E is itself a terminal sideways triangle (red count in Chart 1 and blue outlines in Chart 2).

[815am] ES update -


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