Monday, April 16, 2012

Monday 4/16/12 Market Update

The count has not changed from the last update. The action since Tuesday-Thursday rally looks very corrective, but the triangle wave [4] count still seems like the highest probability.

The longer term count is still not very clear, but the last several swing advances and declines all look corrective.

A continuation higher since March 2009 makes sense for proportionality reasons.

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