Monday, March 8, 2010

A Quiet Day

The market action today was rather quiet overall. We did not see immediate selling as might have been expected if wave (B) up were complete. Conclusion: wave (B) is still in progress. We should see a pullback, and then another run at the highs before wave (C) begins.

The charts at show the Dow selling off into the end of March after a mid-March peak in mid-term election years. This would seem to fit with the current wave count.

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