Wednesday, April 6, 2011

Wednesday 4/6/11 Market Update

The market continued trading sideways since last week Friday's high. A wave (iv) triangle seems to be the best option in the short term, but any other sideways possibility that does not break any rules is also an option. There are many possible counts, but eventually higher prices with a new recovery high should prevail.

The impulsive count that began 3/16 has not changed since yesterday's update.

The larger count has not changed.

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