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Dec 30th, 2010: Update 3 – EOD

Posted by pugsma on December 30, 2010

The Premium Service sign-up period for the discounted 2011 Annual Subscription ($240 = $20 per month) and 1st Quarter 2011 Subscription ($75 = $25 per month) comes to a close tonight at midnight on Dec 30, 2010.  The Google eStore link for annual and quarterly subscription options will be disabled after midnight.  Annual Subscriptions run from Jan 1st to Dec 31st of the calendar year.   Quarterly Subscriptions  run from the 1st day of the quarter (i.e. Jan 1st, Apr 1st, July 1st, Oct 1st) to the last day of the quarter (i.e. Mar 31st, June 30th, Sept 30th, Dec 31st).   These discounted service rates are not pro-rated and sign-up after the start of the service period is not allowed (no exceptions will be made).  If you miss out on the 2011 Annual Subscription or 1st Quarter 2011 sign-up period ending this week (Dec 30, 2010), then the 2nd, 3rd and 4th Quarter 2011 Subscription options will still be available later in the calendar year.

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5:00 pm EST:  Primary count is wave ii-(5) of 5-[1]-P3 bottomed at 1251.85 on Monday and waves 1-2 of iii-(5) were put in this week.  I’m looking for wave iii-(5) to head for 1295 over the next week.   The slight alternate variant on this count is that ii-(5) is playing out as an expanded flat and wave c of ii-(5) is underway with a target of 1245/1250 by tomorrow EOD.   I think wave v-(5) of 5-[1]-P3 will reach 1304 by the Jan 10th to 21st time frame.  My minimum target is 1291 by Jan 10th, were Minor 5 =1 in both price and time.

The key area to watch is the 1245 pivot support for a break-down to indicate that wave 5-[1]-P3 is over at 1262.60.   Take a look at the 13-day EMA vs 34-day EMA trend chart below.  The 13-day EMA is at 1249 and has not been challenged since the move up off 1173.  Until this rising 13-day EMA is challenged the up-trend remains very strong.  And there is no reason to suspect the trend is changed unless the rising 34-day EMA at 1228 is breached.

SP-500 5-min chart (EOD):

SP-500 15-min chart (EOD):

SP-500 60-min chart (EOD):

SP-500 Daily chart (EOD):


 SP-500 Dialy 13 vs 34-day EMA Trend (12:oo pm):

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