Friday, August 19, 2011

Market Timing Update (8/19/11)

[EOD] Stocks -
interestingly, ES did not take out its overnight low, but got very close

[215pm] SPX squiggles -

[8am] ES count update -
A 5-down from the recent nominal high. Leave room for this to be wave C of an expanded flat (or a truncated 5th) on the bullish side and the 1st wave of a 5th wave decline on the bearish side.