Friday, January 20, 2012

Friday 1/20/12 Market Update

In the short term, the alternate count from yesterday's update is now the primary count. This is due to the sideways action today.

Wave (v) of [iii] appears to be winding down. If labels are moved a bit, wave (v) of [iii] may actually be wave [v] as the alternate above shows.

The rally since March 2009 should still be underway. A break in this uptrend began in May or July and should continue for months more.

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