@ 4 PM
Congratulations to those who found themselves on the right side of the trade.
I suspect most stops on bearish positions were taken out today.
@ 12 Noon
Clearly the count has been invalidated with a new high.
Will give it sometime to see what market may be doing.
Tuesday, March 13, 2012
Monday, March 12, 2012
SPX Daily - Monday, Mar 12
@ 4 PM
1378 has held and the rebound is still in the realm of a 2nd wave, for RUT, COMPX and DOW as well.
@ 12 Noon
Non reaction to the Greek Default is reflected in VIX making a new lower low.
1378 has held and the rebound is still in the realm of a 2nd wave, for RUT, COMPX and DOW as well.
@ 12 Noon
Non reaction to the Greek Default is reflected in VIX making a new lower low.
Friday, March 9, 2012
SPX Daily - Friday, Mar 9
@ 4 PM
Markets not reacting too much to the Greece CDS Event.
@ 12 Noon
Count about to be proven incorrect?
Markets not reacting too much to the Greece CDS Event.
@ 12 Noon
Count about to be proven incorrect?
Thursday, March 8, 2012
SPX Daily - Thursday, Mar 8
@ 4 PM
A pretty good retracement, that would be consistent with a strong second wave.
DOW poked thru the .618 retracement.
@ 12 Noon
A pretty good retracement, that would be consistent with a strong second wave.
DOW poked thru the .618 retracement.
@ 12 Noon
Wednesday, March 7, 2012
Tuesday, March 6, 2012
SPX Daily - Tuesday, Mar 6
@ 4 PM
May be safe to say that 1378 was the top.
The exact squiggle count from the top may not be fixed for a while.
@ 12 Noon
Today's action favors the 1378 top.
May be safe to say that 1378 was the top.
The exact squiggle count from the top may not be fixed for a while.
@ 12 Noon
Today's action favors the 1378 top.
Monday, March 5, 2012
SPX Daily - Monday, Mar 5
@ 4 PM
@ 12 Noon
Going below 1350 would be a good indicator that 1378 was a short term top.
@ 12 Noon
Going below 1350 would be a good indicator that 1378 was a short term top.
Friday, March 2, 2012
SPX Daily - Friday, Mar 2
@ 4 PM
With SPX, nothing was resolved today.
DOW only added more ambiguity to the wave structure.
RUT broke to the downside, after trading range bound since Feb 2.
Hard to tell if it is end of the corrective move, before a final leg up.
Or if the Feb 2 high was the top, and this is the start of correction of larger degree.
@ 12 Noon
Market has spent too much time here, making it look less and lees like a wave 2 retracement.
Alternate, another triple in the making off the Feb 29 lows, exceeding the 1378 high.
With SPX, nothing was resolved today.
DOW only added more ambiguity to the wave structure.
RUT broke to the downside, after trading range bound since Feb 2.
Hard to tell if it is end of the corrective move, before a final leg up.
Or if the Feb 2 high was the top, and this is the start of correction of larger degree.
@ 12 Noon
Market has spent too much time here, making it look less and lees like a wave 2 retracement.
Alternate, another triple in the making off the Feb 29 lows, exceeding the 1378 high.
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