Tuesday, June 12, 2012

Market Update

Despite the market moving 18 points from the lowest point to the highest, there isn't much to do but to wait. The pattern continues to be bullish until another weekly low is made so the market could just be zig zagging in preparation for a bullish W3. There is the possibility of a bearish wave coming obviously but given the trend and other traditional technical indicators, the odds don't favor it.

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