Tuesday, April 5, 2011

Market Timing Update (4/5/11)

[EOD] Stocks -
Per the bullish count, wave #8 since the March low is likely still in progress, in a triangle-type sideways form or a flat. NDX having made a lower low appears to support this interpretation.

A competing alternative count is that today's high is wave (i) of wave #9 (say, [v]), with the PM retrace being wave (ii) of wave #9.

The bearish count is indicated by the red labels - wave [x] ending or wave #9 ending.

[130pm] Count update (SPX) -
[825am] Overnight update -
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