Tuesday, September 21, 2010

Real Time Update (9/21/10)

[EOD Update] Click here for the EOD update.

[341PM] Squiggle update (SPX)
The orange count (blue in the chart) is surviving so far.

[305PM] Squiggle update (SPX)
Odds now favor the green count - note a three up, and a five down so far - unless it makes an immediate new high or turns into a complex wave [2] in the form of a running flat - (X) - three ([318PM] or an expanded flat with its final [v] of C as an ED).

[222PM] Post-FOMC count update (SPX and USD index)-
Two ways to count stocks, going with the orange one given the immediate rally post FOMC, for now. And ouch! the USD index.

[1PM] Pre-FOMC count update (SPX and ES) -
Likely - the green count, ED with one final over throw.
Likely - the blue count,
Less likely - the red count, topped.
[1134AM] Count update (ES and TF) -

[1023AM] Count update (ES and TF) -
[942AM] A potential ED (ES)-
Crying wedge again?

[832AM] Post housing starts update (ES)-

[650AM] Overnight update (ES and TF)-
Will this turn out to be a truncation?

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