Good Weekend
Saturday, May 30, 2009
I would like to dedicate this music for all elliotticians and all blogs about EW's. Elliott waves are stronger and alive :)))! To all a great weekend !!!
I would like to dedicate this music for all elliotticians and all blogs about EW's. Elliott waves are stronger and alive :)))! To all a great weekend !!!
Looks like a (another) triangle.
Maybe a new intraday low and then SPX will go to the 91x's again.
Nothing new to say.
P.S. Maybe is missing one wave "e" (new lows) and DAX will made an wedge since the today's highs.
Some problems to breack the trend line but so far so good :).
P.S. Don´t forget to support this blog. You know can be done :).
So far so good. This is only for daytrade and covered my shorts and enter long.
Chart of the day.
P.S. My bear blood made short at SPX, DAX and NDX at the end of the wave b.
Good sell off after half chopy session (beginning of this wave b). This pattern seems very suspicious (observe your's charts of DAX, CAC and NDX). So i expect new upside tomorrow. This time e prefer stay away (not be long) and see what will happen. If this is the wave iii (my alternative count) i have alot time to short it :))).
No reasons to change my count. I still expected new highs on DAX.
Not time to do any chart but i covered again my shorts due DAX and CAC made correctives patterns. So for SPX cash i think this wave ii will be made like abcde and in cfd's is doing wave b of ii. Maybe it's missing one last wave to do the 92x's.
Read more...
Maybe is missing one wave to finished this wave iv.
SPX cash is more bearish than SPX cfd's. So my primary count is that. First SPX may correct something and then go up to finished this wave ii. This last up side
is in agreement with the new highs on DAX. Will be the last breath of the bulls on short time frame?
Not change my count but until the 925's i will increase my shorts again (covered my shorts at 880 and enter long until 905).
P.S. For DAX this chart is still valid
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEholwimTRKyJsjQoeO5CjBNlHLD9ED84u02GwDhQJ3jlQi06jw_TMaS76djvLLGPsVV5q0yuMgocOydGjocF3r0ciiB0gkL-kjUowgAmVb2jRZBmOovr8WSIaBL2ukoyf3q-NmvvHHoj1ml/s1600-h/dax.jpg
EDIT on 27/05/2009: Make more sense this count.
I haven't words that describe this pattern :))).
My last SPX update is still valid so i expected another test at 87x's area and then maybe new upside with out new higher high.
Moreover everybody sees an H&S's but despite being also short on SPX i will be very careful and see the reaction at the 870x's area.
Finally had time to count DAX and the patterns are messy. So i will be careful with my shorts cause this pattern is corrective and at same time i can see a possible inverted H&S's. To invalidate my count the 465x's points must be broken hardly. Maybe DAX will do another higher high when spx complete the wave ii of his downtrend.
This DAX movement (cash), since the highs (5060 points), looks like corrective (wedge) so maybe DAX can do another high to finished this uptrend.
Another day, another alternative count. These messy waves makes me crasy.
The last hour on friday seems the beginning of wave iii of iii, but this wave had already waves interceptions, so maybe SPX can (try) test the 90x's (again). However SPX is in a downwtrend so any rebound should be seen as an opportunity to increase short positions.
Next week will be interesting :=) cause in my primary count the wave ii had finished today. So i will expected a gap down monday. During the weekend i will try do my charts.
Until now, since the highs of the day (cash) this decline seems more corrective :(.
Read more...
Two possible H&S's. Who wins? The bears or the bulls? I prefer the bear count but latter will see what happened.
The cfd's charts are messy but on cash charts seems a typical abc.
Short term maybe is doing some wedge. Possible H&S's? I don't think so but keep in mind the last chart.
Sorry, very little time today... However, I have to say that Teddy Bear has arrived.
SPX activated the H&S's and made a excellent sell off at the end's session. Despite enter short at 915 points i'm still flat and because of that i made two different counts.
Sincerely hope that the bear count is the correct one but maybe i will taking profits at 89x's (depending the waves pattern). The 89x's will decide the next movement, so keep the eyes in this area.
P.S. Tomorrow i will try count DAX.
Mix signals and confusing waves. Apart these counts new highs will be made on SPX and DAX.
Latter i will try count DAX (big picture) but now seems this wave (subwave?) is close to finished.
This pullback at the end's session was expected, so i don't change my count again. The 900-890 must support this "small" pullback to SPX complete this wave v through 12345 or abcde subwaves.
After these days away my bull count is still alive, so this is my primary count.
These last days i worked all nitgh and day. Needless to say that i'm exausted to do any update.
Don't be sad, i know you miss me (lol), so to make up to you here's the good news: tomorrow my counts will come back to live again!!!
Today i only have time to show my primary count (bear). As expected, SPX had a rebound and made waves "a" and "b" (at close) of (ii) of (iii). So expect some test on 90x's and then a huge sell off. Don't forger this count is valid until 914,16 points (cfd's).
Today i bring two different perspectives and now my preferencial count is the bear count. However, i'm still on sideways cause i'm working 20 hours/day until next Tuesday and don't have much time to trade. I will try enter short on 90x's with tight stop.
P.S. Gostava de responder aos vossos comentários mas até 3ª feira vou andar com "eles" bem apertados, no entanto as vossas visões são sempre uma mais valia para este blog e para as pessoas que o visitam. Obrigado a todos pela vossa colaboração :).
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