Wednesday, October 10, 2012

Market Timing Update (10/10/12)

[EOD] Stocks -
Stocks wedged into the close and a rebound is likely next, either as [iv] of C-down (blue) or the start of a fresh upswing 5th wave(green) or X wave (red). The wave structure in ES is also informative. See charts.


[210pm] updated INDU squiggles -
[150pm] INDU squiggles -
blue primary - [iv]-up and[v]-down are still missing.
green alt - Double three correction since the Sept high is approaching its end. Or flat correction since the Sept high is approaching its end with C-down ending.
See the 2nd chart below.
[1030am] INDU update -
It's prudent to leave room for a larger triangle if no lower low is made.


[820am] ES update -


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