Wednesday, December 8, 2010

12/8/10 - 9:13 AM Update

9:13 AM Update
Option 1b

This is the main count that I'm watching.
8:54 AM Update
10 Min

Looks pretty good so far. We'll see..

Pre Market
10 Min
Though my primary is different, this is the alternate count I'm watching carefully.

/ES

As posted last night, /ES appears to have formed five waves down for what is currently labeled a wave i or a. A projected 62% retracement would target approximately 1228 for wave ii or b.

If projecting for wave iii or c at 1228, wave iii or c = i or a at 1210.

/ES

The potential head and shoulders targets 1200.
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