Sunday, January 8, 2012

Friday 1/6/12 Market Update

There is no change to the count since Friday's Update. Wave (2) may not be complete, but Friday's low should provide support in the uptrend that appears to be underway.

With no good complete corrective or impulsive wave count since the December low, an uptrend still appears to be underway. The complex subdivision of the rally makes the impulsive count not a high probability however.

There is no change to the longer term count.

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