Wednesday, November 9, 2011

Wednesday 11/9/11 Market Update

The market look a big loss today and looks poised to continue lower. There is no change to the count from yesterday's update.

As discussed many times, the October and November rallies have highly corrective features making a good bullish count difficult to come by. A resumption of a significant down trend should be underway.

The longer term view has not changed.

Following tomorrow's update and this weekend's update, I will be out of town for a week until Friday. There will be no updates next week until the weekend.

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