Tuesday 3/27/12 Market Update

There is no change to the count from yesterday's update.

Within a larger trend higher, another impulse higher that began Friday likely completed today.


In the longer term, the market is still in an uptrend. The best counts that support lower prices in the short term are corrections lower within an impulse wave higher.


There are still various ways to count an impulse higher since November. Prices should continue higher for greater proportionality between a and c however.