Tuesday, September 20, 2011

Market Timing Update (9/20/11)

[EOD] Stocks -
Pullback in progress, consistent with the structure of DAX ([1145am] entry].
Chart 1 - squiggles
(blue, green, eventually bullish) Squiggles show a potential expended flat correction in the cash index - most likely.
(red-A, immediately bullish) This pull back is [ii]-down of C-up, ending.
(red-B, topped) 1-down (or [i]-down) ending.

These squiggles fit the larger tracking outs in Chart 2.
[1145am] DAX update -
A look at how the DAX closed. The retrace does not appear done. see 2nd chart below
[1050am] Gold update -
a swift rebound. the proposed larger structure (triangle, combo, flat) still tracks

[9am] ES, DAX update -
looking toppy for the near term
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