SPX daily update

Friday, March 6, 2009

The market like to do what everbody don't expect. Yesterday everbody expected a sell off (and we get a rally). Today everbody expect the continuation of the rally and we get this sell off. So it's important to have an open mind and have one valid strategy.

Now we are again in no man's land. I can see 5 micro waves to the down side so this minor wave iii may had finished. On other hand, this wave can me expanded. So, if SPX do new lows, this down trnd my accelerate. If SPX overcome the higher high of yesterday is already on minor wave iv. I will wainting for more signals but i don't trust in this bull signals.

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