Thursday, December 30, 2010

Market Timing Update (12/30/10)

[EOD] There's no change in the proposed count on the ES and $TRAN - see the 1210pm update below. Here's a count on $NDX which is in a similar position. So the primary count is that there's one more January rally to come.

[1210pm] Count update -
Primary counts are the black count in ES and the red count in $TRAN. The alternative counts shown are appealing but lack confirmation.

[9am] Overnight update -
update on the two proposed counts on ES