Monday, September 27, 2010

Real Time Update (9/27/10)

[EOD Update] Click here for the EOD update.

[107PM] Squiggle count update (ES) -
Refer to the 1123AM entry for the larger count.
[1131AM] $TRAN -
The transportation average appears to be catching up, in its own lagging way, finishing [5] of i of (v) [or (v)].

[1123AM] Count update (ES) -
Odds continue to favor this being a ii-down of (v)-up pullback. There's a decent double zigzag structure in ES, which may or may not be complete.
Typo in the chart, 1141 should be 1146.
[10AM] Count update (ES) -

[740AM] Overnight futures update (ES) -
The primary count is that wave i-up of (v)-up ended at the overnight high and wave ii-down is in progress. There's a small chance that the top is in but the pullback counts well as a three so far.
See That's All Folks! (9/24/10) for the larger picture count and thoughts.

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