Disclaimer: Each post is for informational purposes only. It is not a solicitation, a recommendation or advice to buy or sell any security or investment product. Information provided in each post does not constitute investment advice.
Tuesday, February 1, 2011
Market Timing Update (2/1/11)
[EOD] stocks and the dollar The following three charts update the primary and alternative tracking counts on SPX since the July 2010 low. At the close, a small degree 4th wave is likely still in progress, to be followed by a small degree 5th wave higher. The chart to the left offers a squiggle count on ES.
The USD index made a lower low in what appears to be the 5th wave down from the recent high. [1050am] USD update- USD index approaching the end of a five down.