Monday, February 6, 2012

Monday 2/6/12 Market Update

There is no change to the count from Friday's update. The market appears to be continuing in an upward direction as the impulse wave [v] winds down.

The best view is a nearly complete impulse wave that began in December.

The longer term view is still a sideways correction developing since the May or July 2011 highs. The uptrend since March 2009 is still underway.

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