Thursday, August 30, 2012

Market Timing Update (8/30/12)

[EOD] Stocks -
A small-degree 5th wave (red) or [c]-wave(blue) down is likely in progress going into the close. Chart 1 shows squiggle counts and Chart 2 tracks the larger counts.
Volume appears to be lower than the initial decline, favoring an ABC structure or a 1/2/[i] structure.

[915am] ES update -