Tuesday, April 6, 2010

Tuesday 4/6/10 Market Update

The count remains unchanged since yesterday's post. Wave iv of (v) of [iii] appears to be completing, although it is possible wave v is underway or has completed. In my estimation, there have been no impulse waves higher since today's low. This is the reason for the wave iv label. A triangle, double, or flat are options for wave iv. A detailed chart is above. Wave iv is already quite wide, but this does not break any rules. It is a bit unusual however.

As can be see in the chart above, intermediate degree count remains the same.

The larger view remains unchanged. A possible count on this scale can be seen in the above chart.

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