Tuesday, May 29, 2012

Tuesday 5/29/12 Market Update

There is no change to the count from yesterday's update.  After today's action in the larger context, compared to yesterday, the primary count looks stronger and the alternate count looks weaker.  An impulse down following this month's high is now a bit difficult to imagine.

Also, a complete upward correction is difficult to describe and does not come natural.  Today's action after the pullback this afternoon is also a bullish sigh.  There are also higher lows and higher highs on a variety of short term scales.

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