Monday, January 25, 2010

Monday 1/25/10 Market Update

There was a rebound today but prices could not break beyond 1103. In my estimation, this is a complete 4th wave, probably iv of (v). If it has not completed, it is close to doing so.

Nothing has changed since yesterday's post; the same primary and alternate counts are shown in the 1 minute chart above. Some targets are shown there and in the 5 minute chart below.

And one final chart.

Expect a strong rally following the completion of [i].

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