Thursday, March 29, 2012

Thursday 3/29/12 Market Update

There is some change to the short term count from yesterday's update given today's morning decline.

As discussed yesterday, the best alternates are counts that are short lived corrections within the clear uptrend that began in November 2011. The primary count is for a complete wave 2 as described above.

There are still no good counts for a complete impulse wave since the November low where b terminated. In addition, a complete double zigzag since [C] of b is not likely.

The placement of b has been incorrect for some time. b has been a triangle with its subwaves still correctly labelled. All other short term waves look correct.

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