Friday, November 4, 2011

Market Timing Update (11/4/11)

[EOD] Stocks -
tracking counts, particularly those on the ES
[150pm] DAX and SPX update -
DAX - DAX has chance for the next wave C / 3 down, if the market sells off into the close and/or over the weekend. Otherwise, at least another move up based on the purple count (a small "zigzag" or a larger triangle 4th wavehttp://www.blogger.com/img/blank.gif?) or something more bullish. See this chart for the larger count.

SPX - various options, but the bearish counts are almost running out of time on a higher high.
[1130am] SPX squiggles -
One more lower low to make it a five down from the recent high. See the 2nd chart below.

[830am] ES update -
A small degree 5th wave after the jobs report or the second part of abc-x-abc.

[735am] DAX update -
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