Here is the update on the alt. count that I posted a couple of days ago.
Support at 2895 seems very strong. We are trying to break the 3080 resistance (end of wave 1) and on a break we can expect a rally to 3300-3500.
A break of 3080 would justify this count. Staying below 3080 would still leave us in the impulse count and we can expect a retest of 2895 support.
Wednesday, August 26, 2009
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