2/19/13 - EOD Update

Nothing really new to add. Waiting for [iii] to end. Should it be complete, the 15 min below highlights some possible wave [iv] targets.

15 min 

60 Min 

Note the H/S target above at 1557ish. The weekly below shows the next stop may also be 1552ish should the 1523 level hold.

Weekly

2/17/13 - Update [2/18/13 Update]

[2/18/13 Update] 

60 Min 

Sorry. Got a little sloppy there. Failed to see the [v]-[i] overlap on the count below.

So either [iii] is still wrapping up or somehow {v} topped out (green alternate). We'll see.

2/17/13 - Update

60 Min 

Sorry folks things have been a little hectic on the home end here. Its been a week since my last update but I did mention that this wave appears to be extending, which it continues to do.

A retrace of the previous wave 4s would be a clue that the trend for this wave up may be coming to an end.  Until then we'll keep an eye on the extensions.

It may be futile to attempt to count the squiggles but here is my latest attempt.

LT

Here's a long term count I've been tracking. For this version, wave (5) = (3) at 1539.57. Should the market exceed this level, this version of the count will be out the window.

2/11/13 - EOD Update

60 Min 

Not much to add. I can only guess that this has extended. Until the previous wave 4s are retraced, we'll just assume there may be more extensions higher.

2/7/13 - EOD Update

The triangle I proposed 2 days ago is still looking good. I'll keep monitoring it but I have introduced the red option on the 15 min chart as well that should be monitored.

The red option can represent two things; 1. A bearish move signifying the end of the run from 1340 or 2. A much bigger wave c down that may challenge the 1470-1490 zone.

15 Min 

60 Min