Tuesday, November 1, 2011

Tuesday 11/1/11 Market Update

Using the "or" count from yesterday's update, the count remains unchanged. After a big down day, a sideways correction should be part of an impulsive wind-down.

The October rally now looks very corrective. An upward impulsive count is very difficult to imagine.

The longer term view has not changed. Another multi-month impulse wave down should be underway.

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