Thursday, October 25, 2012

Market Timing Update (10/25/12)

[EOD] Stocks -
So far the neckline resistance has proven to be formidable (Chart 2). Let's see when ES can recapture it. See 135pm entry for tracking squiggles on SPX, particularly the EDT count.

[135pm] SPX update -
Let's entertain the green count - [a][b][c] decline with [c] being an odd EDT. See tracking count chart.

[1020am] SPX/INDU update -
tracking counts. see charts.

[810am] ES update -
ES is trying to recapture the neckline support. The neckline represents resistance at the moment.