Tuesday, March 19, 2013

Market Timing Update (3/19/13)

[EOD] Stocks -
Chart 1 tracks near term squiggles.
Key bullish count (green) suggests today's low is a small-degree wave [iv].
Key bearish count (red) tracks an expanded flat wave [ii]-up in SPX and a flat wave [ii]-up in ES.
The alt-red counts tracks a potential LDT wave [i]-down. This is the alt-bearish count as it is less in sync with ES.
Chart 2 tracks the larger advance since the November low.


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