Tuesday 4/3/12 Market Update

There is now uncertainty to the action since the labeled wave 1 above. Good counts since this point can be almost anything. But given the clear 3-wave action since last week's low, there is a high probability that this week's high will be taken out sooner or later.


In the longer term, there is momentum loss on the move higher since November, but the trend is still clearly higher. Several counts are still in play.