Thursday, July 12, 2012

Dow Jones ~ Intraday Update ~ 12 July 2012

A slightly different short-term count for the Dow:

This count also works for the SPX by the way. I'm not quite sure yet which one I prefer.

If we get a rally above Dow 12550/SPX 1335, the count above should be the correct one. And if we get above the aforementioned level, wave [i] should be over. As long as we stay below it, I'd just use the Dow 12400-50/ SPX 1310ish as the next target level.