Sunday, February 17, 2013

Friday 2/15/13 Market Update


There has been some change to the count since the last update.  With a new recovery high nearly being reached Friday, an impulse higher looks like the best option over the past two weeks rather than a double zigzag.


The wave C impulse was altered slightly to a variation that is quite reasonable.  This count also simplifies the wave count, increasing its likelihood.

If [v] is not complete, the end of [iv] can be moved forward.  But a break under the lows this week should signify the start of a correction of some degree


The same alternate counts are present.



blog comments powered by Disqus