Monday, April 26, 2010

Market Timing Update (4/26/10 Close)

SPX & RUT update

SPX- Chart 1 highlights the two top counts of the advance since the Feb low. I favor the impulse wave (blue). Near term, there are three top scenarios as highlighted by the blue, red and green lines in Chart 1. Chart 2 offers a squiggle count of the near term action.


RUT- Chart 3 offers the primary count of the advance since the Feb low. Squiggle count suggest a (v) of [v] in the cards (Chart 4).
blog comments powered by Disqus