SPX daily update (Part 1)

Wednesday, September 23, 2009

First of all i want to apologize for not having done any intraday update but today I was in a important meeting for much part of the day.
Today i'd like to remember my long term count and some alternative options. For the short term i will count this last selloff as part of wave D of this huge bearish hedge. We must have some values broken to confirmation of the end of P2. Until now, the bears only show they still alive. My first alternative count is very similar with my primary count but, but if we don't broke 1039, we can count this wave Y as a simple ABC. For now i have truly doudts of the end of P2 but as everthing is possible i will show the EWI primary count (my alternative bearish count).

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