Friday, December 16, 2011

Market Timing Update (12/16/11)

[225pm] SPX update -
an attempt to make sense of the squiggles.

[710am] DAX, ES update -
DAX - No confirmation on an upswing yet. FTSE looks relatively more bullish. Leave room for an impulse down from the orth. high (RED).
ES - The best bearish count is the tricky 1/2/[i]/[ii]  (or LD down from an orth. high), otherwise, swing low should be in.