Wednesday 11/26/11 Market Update

There is no change to the count since the last update. Wave [v] appears to be complete, but the market must move lower to preserve the count. If there is a new high, an ending diagonal wave [v] still underway is possible, but something more bullish may be underway; waves (4) and (5) may already be complete for upward wave [2], or the second zigzag of a double zigzag since March 2009 may be unfolding.

Note:
The next update will be Sunday.