Monday, March 11, 2013

Monday 3/11/13 Market Update

Since the last update, some alternate counts have been added to the wave higher (likely an impulse) that began 3/1.  A complete wave [ii] seems to be the best count even though it is so small.  This is due to the rally well above the Friday highs.  The wave higher since the Friday low looks like an incomplete impulse, so odds favor an eventual breakout above today's high even if the 1540s are tested in the coming days.

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