Monday, May 9, 2011

Market Timing Update (5/9/11)

[EOD] stocks -
It has always been about odds, more so today than other days. The following charts presents one count which suggests an immediate end to the correction in SPX and another count which calls for a lower low before any new recovery high.

[1045am] squiggle update (SPX)-
A couple of potential triangles.
[730am] Overnight update (ES)-