Friday, October 28, 2011

Market Timing Update (10/28/11)

[EOD] Stocks -
As mentioned in the 730am entry - yesterday's high is [iii] (or (iii) of[iii]) of C of (2) or (B) or 3, or W of (2), the top, in order of likelihood, will find out which one it is.

If a small-degree 4-th wave is indeed in progress, stocks has satisfied the minimum requirement in time as well as in price. see the INDU Chart 1. SPX has traced out a potential triangle already (Chart 2). It's possible that (c)-down of [iv]-down is still to come Monday. We'll see.
[12pm] DAX squiggles at the close -










[730am] DAX, ES update -
DAX - appears to have potential to reach the 0.618 fib with an extended (iii) of [v] of A/1/C as marked.
ES - yesterday's high is [iii] (or (iii) of[iii]) of C of (2) or (B) or 3, or W of (2), the top, in order of likelihood, will find out which one it is.
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