Tuesday, March 20, 2012

Tuesday 3/20/12 Market Update

The 3/14-3/19 rally still resembles a 3-wave advance. Because of this, even with today's decline, the count remains bullish. The short term count has changed since yesterday's update however.

A wind-up higher as described above still appears to be the best choice given the other possible options.

From a distance, a complete impulse since November is a possibility, but it seems to be a low probability given the shorter term waves.

blog comments powered by Disqus