SPX intraday update (Part 1)

Thursday, March 5, 2009

Until new lows i will considerate this movement as part of wave iv. The minor wave ii lasted 16 days, so this countertrend maybe will have 8/10 days to developing. I will expected an complex pattern like a triangle or some kind of wedge. Open shorts last nigth at 714 and already close it with gains :).

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