Tuesday, March 29, 2011

Tuesday 3/28/11 Market Update

The count has not changed since yesterday's update; even thought the short term count is not clear, the downward action the previous two days is now clearly corrective. Wave [4] of iii of (iii) of [v] may be complete as described above, but it may be an incomplete flat.

The incomplete flat idea is reasonable considering that prices did not reach the channel shown above. 1305 should hold if the larger uptrend is to remain intact.

There is no change to the larger count. A larger view can be seen here.

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