Wednesday, September 5, 2012

Wednesday 9/5/12 Market Update

There is no change to the count since the last update.  The market still appears to be in an uptrend with a sideways correction unfolding that has been underway for a few weeks (suggested to be wave 4 above).  Wave 4 still looks a bit small compared to wave 2 and is probably incomplete.  The short term waves are difficult to read precisely but look quite corrective.  The support established over the past few weeks should continue to hold prices.

As mentioned in Elliott Wave International's publications, I will be teaching a live seminar in September entitled, "Introduction to the Elliott Wave Principle-One Day Seminar". Find out more about this course and read my bio here. Elliott Wave International interviewed me not long ago. Find that interview here.  See you at the seminar!

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