Wednesday, May 27, 2009

still undecided...

Two trading days have passed since my weekend update and nothing has changed...

Below you can see the updated count for my two bearish scenarios. But keep in mind that the bullish scenario is still possible as long as the market doesn't break the strong support level at 875-880.

I replaced the high for wave (ii) (or alt B) after Monday's rally. The action today in the afternoon looks like we completed 5 waves down from the high.


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