Thursday, February 9, 2012

Market Timing Update (2/9/12)

[EOD] Stocks -
The (proposed) wave structure of the Dow (INDU) is very telling (see 1245pm entry). Price has now declined to the lower trend line of a proposed EDT. Allow for a final wave (C)-up of wave [E]-up of wave [v]-up as labeled - it should be C-up of (E)-up of [v]-up to be consistent, technically speaking - but as stated in the 1245pm entry -

[E] minimum requirement met. [E] capped by 13045.38, likely around 12960. See charts.


[1245pm] INDU update -
Beautiful waves. Potential EDT in INDU, annotation reads:
[E] minimum requirement met. [E] capped by 13045.38, likely around 12960.


[1115am] SPX update -
SPX potentially wedging.


[740am] ES update -
ES wedging again, perhaps at a couple of degrees. See charts.


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