Tuesday, May 8, 2012

Tuesday 5/8/12 Market Update

The market broke down today, but a sharp rebound followed.

The alternate count presented here yesterday and earlier is now the primary count.  While some labellings are different, nothing has changed in terms of the projected outcome.  The waves above suggest an uptrend to new recovery highs will be seen soon.

An impulse that began November 2011 should still be underway.

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