Sunday, April 25, 2010

Friday 4/23/10 Market Update

Little has changed since the options suggested in Thursday's update and Thursday's supplementary update; if a B wave correction is not underway, then a wave [iv] of A triangle may have completed. An ending diagonal wave [v] of A is also a possibility.

An updated count of a possible B wave correction can be seen in the chart above. If a zigzag higher since 4/19 is not nearing completion, a wave [v] impulse higher beginning 4/22 following triangle wave [iv] is the next best option.

The best options are presented in the chart above.

The larger count remains unchanged.

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