Monday, April 19, 2010

Monday 4/19/10 Market Update

The count has changed little since Friday's update. A chart detailing recent market action is illustrated above. An upward flat wave (b) correction appears to be underway within a larger downward corrective B of (Z) of [2] wave. If the count is correct, (b) should complete shortly after the open tomorrow. The next best guess is a zigzag wave higher unfolding off of today's lows.

The intermediate view has not changed. See the chart above.

The larger view remains unchanged. The primary wave [2] top suggested in the 30 minute chart is a reflection of this alternate count suggested some time ago.

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