Tuesday, January 8, 2013

Tuesday 1/8/13 Market Update


The market appears to be completing a sideways correction.  A complex flat as illustrated above is a good count to describe recent action, but corrections are difficult to predict.


The shallowness of the correction underway so far best suggests a second wave lower is not underway.


There is no change to the longer term view.



blog comments powered by Disqus