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Monday, August 1, 2011
Market Timing Update (8/1/11)
[EOD] Stocks - No change to the 250pm count - low is in for the current leg (blue) or one more lower low per EDT (red). Here are versions for WLSH and ES. [250pm] Count update (INDU)- Using INDU as a proxy for stocks, chart 2 offers two squiggle counts of the current decline. [1010am] Count update (WLSH,ES, TNX)- A potential small-degree 5th wave flush following the ISM report, potentially completing a proposed triple three in 10Y Treasury yield (see weekend commentary). [750am] Overnight update (ES)-