Wednesday, March 27, 2013

Wednesday 3/27/13 Market Update

The primary count is working off of the "or" count in the last update.  There has been a very complex movement higher since the low last week that clearly best resembles corrective action. If this really is a corrective wave, there will be a new recovery high after a larger downward corrective wave completes.

It would be nice to see an impulse down to test last week's low to complete a flat wave 2.

Note: The market is closed Friday.

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