Tuesday, December 28, 2010

Market Timing Update (12/28/10)

[EOD] transportation average and ES -
A relatively more discernible wave structure in $TRAN. In SP500, the Dec 26-27 overnight low in ES is likely a key level.

[930]The dollar index -
A number of near term scenarios

[830] Overnight update -
The new high overnight eliminates the less likely bearish red count, leaving the competing black and green counts depending on where one marks the end of minor wave 4.