An important intra day update has been published, but no new notes were necessary.

Notice how clearly and systematically the markets continue to act.

I have received quite a few emails asking why I expected to see the Dow Industrials make three unfilled-gap-up opens prior to the short term aggressive SELL SIGNALS. Well the answer is that, first-of-all, I was not by any means positive it would happen; BUT, that is a particular common pattern based in conjunction with the slope and recent wave patterns.  This is an example of why programmed--or automated--trading programs do not work well; they cannot take into account the context of the markets.

KEEP THE TIME FRAME OF THE RECENT SIGNALS IN MIND. Short term signals are not necessary long term signals. Many traders and investors make that mistake.

I am leaving the office now.  The TWO important Updates for Thursday will show the short term time frame analysis as well as the Daily Time frame analysis. This will be important for short-to-mid term (swing) traders. These two updates will be published much later this evening--around midnight.