Monday, March 11, 2013

3/11/13 - EOD Update

Wave (iv) appears to be an ascending triangle. Lets see if the market provides another thrust higher to complete (v) and challenge the all time high which the DJI has already done.

60 Min 

Friday, March 8, 2013

3/8/13 - Intraday [9:03 AM Update]

[9:03 AM Update]

Time to take a little short position?

10 Min



I switched this to a 10 min chart. If {iii} is complete, some {iv} Fib targets. So far looking good. 

Thursday, March 7, 2013

3/7/13- EOD Update

I had nothing to contribute intraday. Certainly looks like a triangle.

Lets see if we get the wave (v) spike on NFP numbers and see what happens after that.

5 Min 

60 Min 

Wednesday, March 6, 2013

3/6/13 - EOD Update

The Market continues to stair step higher in an extended wave.

Wave (iv) appears to be triangulating. One thing to note is the 60 min MACD bear cross.

The wave {i} high at 1525.34 will be the level to watch near term to indicate a change in trend.

5 Min 

60 Min