Wednesday, February 8, 2012

Market Timing Update (2/8/12)

[EOD] Stocks -
We now have a visual 9-wave advance from the Jan 30th low (where wave [iv] was marked in Chart 1).
blue - Once the 9th wave ends, a top should be in place.
green - wave v of (iii) is itself extending. [3] is up in progress with [4]-down and [5]-up to follow.
red - wave v of (v) is itself extending. [3] is up in progress with [4]-down and [5]-up to follow.
Chart 2 offers a squiggle count.



[1115am] SPX update -
Extension or reversal. See charts.


[645am] DAX and ES update -
Where to mark various 4th waves appears to be the key.


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