Thursday, February 2, 2012

Thursday 2/2/12 Market Update

There is no change to the count from yesterday's update, but the near wave crossing today brings some question to the short term action. The alternate count above is now a greater probability, and so is an ending diagonal wave [v] since Monday.

Unless the core of the impulse that began in December is in the place that the alternate count points out above, there is a good chance that that wave will complete soon with wave [v] underway.

There is still no change to the longer term view.

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