What Does a Fractal Look Like?
The bulls died!!!!!!
These waves are very messy (cause of that i prefer don't show any chart) but i think my last updates still valid and correct. So for today, i expect a nice pullback, but before that, is still possible SPX and DAX do new highs (see my possible targets on my last updates).
Monday, June 29, 2009
Possible final targets for this wave (ii or b):
SPX 925-930 and DAX +-4900.
Saturday, June 27, 2009
Time to rest and enjoy the life. I will go to the beach and relax with my friends and hope you do the same or do similar things. Have a great weekend!
Friday, June 26, 2009
After this terrible day (stops fit for days like these) only see two alternative counts. I will enter short again at 928-935 points and the keystone is the next pattern to the downside (will be impulsive or corrective??).
Thursday, June 25, 2009
Wednesday, June 24, 2009
Seems SPX is in wave 3 of C of (ii) of iii. Maybe the top is on 912 points.
EDIT1: Maybe SPX is already in wave 4 of C of (ii) of iii so the 912 points to a final target of this wave seems until now preety good.
EDIT2: 5 waves down since 910 points so new impulsive wave began. Stop at the today highs.
My primary count still very nice but we must vigilant and prepared for possible alternative counts. So, in general the EW's shows:
1) If SPX do another lower low with out today's higher high the odds favor this choppiness, since yesterday, was wave iv of (i) of iii (triangle) and still valid at same order my alternatives counts (see my yesterdys charts);
2) If SPX do tomorrow another higher high the odds favor wave (ii) of iii until 912 points;
3) If SPX broke the 912 pivot the odds favor my bull case or ultra bear case (see my yesterdys charts).
P.S. I hope continue to improve the blog with your support so if you like this you can being part of this community as follower and/or click on "it" you know what's "it":))).
Tuesday, June 23, 2009
No time to show any chart and for now is to hard to fit this wave in the big picture. However seems all corrective and maybe, since the lows, is doing a double zig zag.
EDIT: Possible triangle and if is activated new lows will be made.
Monday, June 22, 2009
Maybe wave iv will arrive soon so i close my shorts. I will try enter short again at 910-915 points.
Friday, June 19, 2009
I expect a bloody monday and a gap down for SPX cash next monday cause seems wave ii or b already finished.
For now is time to rest and refresh my mind. Good weekend for all and my video today are from my friends Moonspell as i want see next week some blood and despair in the markets.
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Looks like SPX is on wave iv of v of C (Y) of II. So maybe the top of this wave II will be between 928-930 (cfd's value).
Thursday, June 18, 2009
Choppy morning and only can see abc's followed abc's. So this can be yet wave iv of i or wave b of ii. Very difficult to have certainty at this moment.
Wednesday, June 17, 2009
I remain suspicious of this decrease, due the bear case have some problems like possible truncation on cfd's (and futures) and for other hand the wave Y was to small for me (if i count since the March lows like 12345 waves, as i showed last night, this problem disappears). Because of my suspicious i recovered my shorts at the end of the session. The next upside pattern will be important to clarify my counts.
P.S. It's possible wave v is not over yet but i not expect a large drop since the closing session.
Tuesday, June 16, 2009
Sorry guys i had a difficult day and didn't had time to do any update during the day. Today was a perfect day for the bears but i'm flat cause everthing still possible. The patterns are alot confusing and hard to count in cfd's. So i showed two different counts on SPX cash (bear and bull case). Despite all, tomorrow i expect another lower low and then let's see what the bulls will do.
Friday, June 12, 2009
As everyone knows I'm on holidays this week but despite this i updated my charts every day. If you worked this week hope you enjoy this weekend to relax, go to the beach and drink and eat well. Life is very good and i'm feeling alive :))).