Wednesday, November 2, 2011

Market Timing Update (11/2/11)

[EOD] Stocks -
Chart 1- Primary count is a small-degree corrective rebound in progress (red/blue), with the alternative of a low in place (blue-green).
Chart 2- Larger count.
As mentioned in the weekend commentary, leave some room for a more complex wave (2)/(B) rebound if the low is not in.
[115pm] SPX squiggles -
See the 2nd chart below.
[1pm] DAX at the close -
Appears to be a wave b/B/[ii] rebound into the close.
[1110am] SPX update -
[8am] DAX, ES update -
ES - overnight high likely the end of wave iv or another wave (x)