Saturday, March 31, 2012

Friday 3/30/12 Market Update

The market continued higher following Thursday's low. This is in line with the count in Thursday's update, so the count remains unchanged.

But just considereing short term action since Thursday, the market appears to be moving higher once again in at least a corrective wave that is incomplete.

There is no change to the count above.

The impulse that began November 2011 is still likely underway. There is no good way to view a complete wave pattern higher, impulse or correction, following any of the swing lows from late last year.

An even longer term view is still available here.

I will be teaching a live seminar in May entitled, "Introduction to the Elliott Wave Principle-One Day Seminar". Find out more about this course and read my bio here. Elliott Wave International interviewed me not long ago. Find that interview here.

blog comments powered by Disqus