Wednesday, September 14, 2011

Wednesday 9/15/11 Market Update

The count has changed since yesterday's update, but given today's action and the discussion yesterday, this should be no surprise. Yesterday's alternate count is now the primary count.

The expectation is for a double zigzag wave (4) to unfold with [a] of Y underway. It is still likely that the August lows will be taken out given intermediate term wave action with prices moving higher in the shorter term.

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