Monday, March 19, 2012

Monday 3/19/12 Market Update

There is no change to the count from the last update. The wave higher since Wednesday still looks incomplete. There are three waves higher since Wednesday and this does not look like a 'b' or 'x' wave given the size of the last corrective wave lower. A wind-up higher still looks most likely.

The best alternates at this time support bullish action, not bearish.

There is no change to the longer term count.

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