Wednesday, January 26, 2011

Market Timing Update (1/26/11)

[EOD] The subdivisions are revealing more and more of the wave structure. The advance since the July 2010 low in INDU and SPX is likely in (v) of [v] of 5, and has the potential to be completed over the next 1 to 2 days. Starting with INDU (Chart 1 and Chart 2),
Moving onto SPX (Chart 3 and Chart 4),
Ending with NDX and Apple (Chart 5 and Chart 6),
[1040am] INDU -
The blue count is rejected as INDU exceeded the max level. That leaves us the green count. assuming no extension ..

[835am] Overnight update -
An update for various short term counts in ES in Chart 1. Chart 2 maps the two counts on INDU discussion in yesterday's update onto YM. The overnight high has fulfilled the minimum requirement of a top per the green count if it does not extend. The blue count has one more down-up movement which accommodates a post-Fed spike.