Thursday, November 11, 2010

Real Time Update (11/11/10)

[EOD] Click here for the EOD update.

[145pm] Squiggles from the orthodox(truncated) high, Update 2 (YM) - Maps into ES well. Approaching 0.618 retrace of A, a good neighborhood to end the B and start the "final" C-down, if it chooses to do so.

[12pm] USD index -
DX is most likely not in a triangle. Is it a flat or the start of a bull run?

[1055am] Squiggles from the orthodox(truncated) high (YM) - Maps into ES well.

[1010am] Larger Count update (NDX) -
On the bullish side, the pullback could be [iv] of 3 instead of 4, see the green count.
[935am] Count update (YM) -
At the edge of taking out the near term bullish (four-five) count.

[742am] Overnight FX(DX) -
All options in DX are still on the table - a bullish trend change, a fourth wave triangle or expanded flat.

[735am] Overnight stocks (ES) -
A wave [2] retrace per the bullish count or a wave (b) retrace per the bearish count is most likely still in progress. Let's see from which side of the range ES breaks out.

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