Wednesday, March 7, 2012

Wednesday 3/7/12 Market Update

In the short term, there has been some change to the count since yesterday's update. The impulse labellings above have been reworked a bit to take today's action into account.

It is likely that the December-February impulse above is complete.

A zigzag down following the last recovery high is possible if the alternate' count above is correct. Any new recovery high before sub-1300 support levels are seen is a good sign that this alternate count is correct.

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