Sunday, October 16, 2011

Friday 10/14/11 Market Update

There is no change to the count since the last update. An upward flat correction is still expected as described above. It is marked following (3), an impulse which terminated last month.

In the shorter term, there is a good chance an impulse wave, now a 9-day rally swing, will complete its wind down this week. Following this, a move to test and likely break the August-October lows is expected.

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