Thursday, February 9, 2012

Thursday 2/9/12 Market Update

If [v] is not already complete, the market is likely drawing out the final waves of [v] as stated in yesterday's update. The short term count above shows a complete count.

There is a good chance that the impulse that began in December is following the count shown above.

The count for C of (Y) of [B] looks complete at the termination of w, or the beginning of x. Wave x is most likely a completing flat.

The uptrend that began March 2009 is still underway and should remain so for months to years. New all-time highs are possible.

I will be out of town next week, but I will do my best to provide some updates during that time.

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