Tuesday, May 22, 2012

Tuesday 5/22/12 Market Update

 The count in the very short term may be as illustrated above.  No option is particularity great.

The best alternate now looks like a triple zigzag down following the high this month.  There is no change to the count from yesterday's update.  The trend higher still appears to be underway considering the Elliott wave picture.

New recovery highs are expected in the longer term.

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