Thursday, December 22, 2011

Thursday 12/22/11 Market Update

There is no change to the count shown in yesterday's update. Wave (i) of [iii] appears to be winding down with the "3rd of a 3rd" wave of C still not underway.

The now large retracement of the choppy downward December waves is a bullish sign for the market.

For the reasons discussed yesterday and earlier, the count above appears to be the highest probability.

Note: The next update will be Monday in the evening.

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