Thursday, January 26, 2012

Market Timing Update (1/26/12)

[EOD] Stocks -

[230pm] SPX update -
If the proposed [v]-up needs to extend, this is a logical place to do so.

[1105am] SPX squiggles -
Five waves down from the high.

[935am] SPX update -
The wave structure off the Dec low looks increasingly mature.

[7am] DAX update -
Logical spot for at least a pullback. DAX still within the base channel, up against the mid-channel line and 0.618 retrace, but cushioned by MA200 at the moment.