Tuesday, November 8, 2011

Tuesday 11/8/11 Market Update

The market continued higher today which is in line with yesterday's update. But the market must now begin a downward descent to maintain the bearish views in the short and intermediate terms.

Primary counts found here typically do not feature a massive second wave like the one suggested above that began this month. Waves are highly corrective since October however, so some guidelines are being broken to arrive at what should be the highest probability.

The longer term view remains bearish. The March 2009 low should eventually be tested.

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