Wednesday, January 29, 2014

Wednesday 1/29/14 Market Update

The primary wave count from the last update remains unchanged.  A complete downward flat is now possible since 12/31/13 however; it is a good option and is the preferred alternate choice.

5 waves lower since 1/15/14 look clear.  There is also very nice symmetry and balance to this wave.  Alternate'' and inward highlight the best alternate possibilities for this impulse, but a rebound higher should be coming very soon.

An ending diagonal in the 5 wave position works in the best way with the short-term waves as it is the most simple of the possibilities.

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