Wednesday 4/3/13 Market Update

There is no change to the count since the last update.

There appears to be an impulse down complete since the last recovery high (the vastly favored very short term count).  At least one more impulse down should follow unless an unusual looking running flat since 3/15 is complete (this would require its 'b' wave to be a triple zigzag).  The market still seems overextended and of the good Elliott wave counts, the primary count makes the most sense in this environment.