3/31 12:20

Another busy day, driven by market volatility.  The ADP number indicates Friday's jobs number will not be the blowout that economists expected. 
Staying 5% long as per prior posts.  Stop is DJI 10,850.
Here is current wave count:

Correcting an error in the 10:45 post:
Futures 30-minute 92-unit M/A +/-.5% should read:
Futures 30-minute 92-unit M/A close +/-.5%
With futures markets I compare the M/A with the price at then end of the M/A period in order to accomodate the increased volatility (stop-running, etc).
With this calculation the price stayed well within it's envelope.  Instead of:
The futures M/A spread to its low was 1168.75 M/A - 1161 low = .66% which is outside of its envelope.

it should read:
The futures M/A spread to its 30-minute low close was 1168.75 M/A - 1163.80 = .42% which is inside of it's envelope (.5%).
So, all of the M/As that I use for stops are OK to stay long.