Wednesday, March 7, 2012

Market Timing Update (3/7/12)

[EOD] Stocks -
Chart 1 updates the larger count options - see yesterday's EOD update for discussion. Chart 2 updates the squiggle count for the rebound. Other than the bullish count (green), a potential post-triangle thrust up for a deeper 2nd wave rebound (red) or a potential EDT for a completed 4th wave rebound (purple). There could be some support for a 4th wave interpretation based on the wave structure in DAX (Chart 3 to the right).  We'll see what overnight action brings.


[215pm] SPX update -
Other than the bullish count (green), we are looking at a 4th wave (purple[iv]) or a 2nd/B wave (red 2/B) rebound with decent channeling characteristics. See yesterday's EOD update and chart 1 therein for the corresponding larger counts.










[850am] ES update -
see charts


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