Wednesday, July 11, 2012

Tuesday 7/10/12 Market Update

There are some slight modifications to the corrective-looking wave underway ((ii) above), but otherwise nothing has changed with the count since the last update.  It is still hard to deny the corrective structure of the waves around the last high this month.  This is bullish.

The labels of the upward impulse waves since June may be incorrect, but the idea is the same.

~1335 should hold prices if the count is correct.  A spike lower is possible, but a quick bounce higher should follow.

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