Friday, September 27, 2013

Market Timing Update (9/27/13)

[1250pm] Discounted markets -
See charts (SPX, NDX, RUT).

[8am] ES update -
ES can now be counted as five-down again with an extended 3rd wave and a triangle 4th wave. If so, a near term low today is likely. A greater decline likely fits the blue ABC structure better. See charts.