Thursday, September 15, 2011

Thursday 9/15/11 Market Update

The market continued higher today which was the expectation in yesterday's update.

The primary count is a double zigzag wave (4) underway as described above. A pullback should be coming soon after the nearly complete wave [a] of Y impulse completes.

There is still good reason to believe the August lows will be taken out in the near future. However, it appears that the market still needs to complete an upward correction before the selling resumes.

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