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Tuesday, November 27, 2012
Market Timing Update (11/27/12)
[EOD] Stocks -
The prior neckline remains powerful(Chart 1), while near term options vary (Chart 2-ES and Chart 3-SPX). Subjectively speaking, odds appear to favor continued subdivision higher for the near term wrap up an extended impulse.
[1010am] ES/SPX update -
SPX and ES tracking counts as shown in Chart 1 and Chart 2 are roughly in sync. Please see yesterday's EOD update for discussion.