Wednesday, December 19, 2012

Wednesday 12/19/12 Market Update

There is no change to the count since the last update.  The 78.6% retracement level of the October-November decline has been surpassed which is bullish.  A new recovery high seems likely even though the rally since the November low is corrective.  This rally should be the final leg of an ending diagonal higher.

blog comments powered by Disqus