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.


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.


The potential head and shoulders targets 1200.
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