Monday, November 26, 2012

Monday 11/26/12 Market Update

There is no change to the count since the last update.  The market fell back slightly today in a very clear 3 waves.  This is bullish, but there are several options moving forward.  Wave (iii) underway is the best estimate of action while a complete impulse higher is the preferred alternate count.

Also possible is one more impulse higher to complete a double zigzag.  But as discussed in the past, the longer term waves make this option unfavorable.

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