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.

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