Wednesday, March 19, 2014

Wednesday 3/19/14 Market Update

The wave (2) flat suggested in the last update appears to be complete.  The wave higher that followed can be a zigzag, but the sharp rally from today's low gives a corrective look to the preceding decline.

The rally higher since the February low still looks non-impulsive and strongly suggests eventual new all-time highs.  A sideways wave [4] underway should still be considered in the meantime however.

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