Monday, April 2, 2012

Monday 4/2/12 Market Update

There is no change to the count since Friday's update; prices are still moving higher in an upward trending market. A new recovery high was reached again today.

The best count is a completing impulse wave higher since Thursday. This wave is likely part of a larger impulse wave higher still underway given the longer term action.

There are still no good ways to view a complete correction or impulse wave since one of the lows late last year. In addition, there is still no good proportionality between a and c to create balance to the pattern.

blog comments powered by Disqus