SPX daily update
Wednesday, December 30, 2009
Change a little the sub waves of this pattern but the big picture (wedge or endindg diagonal) still the same. I don't change also the final target of this wave.
Read more...
EUR/USD UPDATE
Tuesday, December 29, 2009
Just a quick update. Nothing new.
Congratulations Filipe!!!
Best gift of all in this Christmas!!
In this Christmas I had the best gift of all :). So now I enjoy my holidays to organize some things in my personal life and to support my wife.
The markets still boring and choppy. I don't expect mayor changes in the coming days and I will keep the ending diagonal/bearish wedge as my primary count.
Merry Christmas!!!
Thursday, December 24, 2009
Christmas is not a time nor a season,
but a state of mind.
To cherish peace and goodwill,
to be plenteous in mercy,
is to have the real spirit of Christmas.
Merry Christmas to all!!!!!
We are seeing boring days and nothing new to add about my last update. However I decide to showed an alternative count at short time. As you can see the targets are very similar.
Read more...
SPX daily update
Tuesday, December 22, 2009
Today i decided to extend a little bit more these bearish wedge, however the final target it's the same. As these last waves are to choppy, I will control both trend lines. Despite this, I think after the new year the bear will arrive again.
P.S. Until the new year I will be on holidays, but, don't worry, I will keep the blog alive.
Read more...
EUR/USD UPDATE
Sunday, December 20, 2009
Not much to add since last update.
The trend is down, if my count is correct we still have much to go in the down side
Good Luck
Good Weekend
Saturday, December 19, 2009
Appear this year the bulls will don't have "presents for Christmas" and maybe will be the "last Christmas" to "them" for long time. Despite this, is time to celebrate and wait for the big bear!!
If these last weeks were choppy and boring, for the next I expect the same pattern action until the new highs. Good weekend for all!
SPX daily update
Friday, December 18, 2009
Since middle of November SPX is doing zig zag after zig zag and a possible bearish wedge or ending diagonal is underway.
Despite all alternative counts (we can made with these formations some diferent counts and today I decide to show 2 of them) the mayor pattern is underway and the top, for the big picture, may will be between 1030-1050 points.
Mayor conclusion: For me SPX didn't already made any top. It's close but is missing some points (and for me some pacience).
Read more...
Mayor conclusion: For me SPX didn't already made any top. It's close but is missing some points (and for me some pacience).
EUR/USD daily Update
Thursday, December 17, 2009
My 1ยบ option seems to be in play. For now this is what i expect.
Good luck
Soon the top may will resume!
Last nigth in Portugal occur an earthquake and I forgot showed this chart. Very soon a bigger earthquake will happen in the markets (already began in EURUSD).
Read more...
SPX daily update
Tired of these zig zag waves. This don't look wave iii of C since the 1085 so alternative count of the big picture is underway.
Read more...
SPX daily update
Nothing new to add. It's possible this correction already finished but I prefer some king of double zig zag and one test at 1101 (50 % Fibonacci retracement since 1085).
Read more...
SPX dialy update
Tuesday, December 15, 2009
Seems wave (i) or "a" finished yesterday. Today SPX may have some pullback and then will see if this is a true wave iii or wave "c" of "e" (see my last post with the big picture options).
Read more...
SPX daily update
Monday, December 14, 2009
Laterization is the name and for now seems the bulls are winning this battle at short term. After 1 month at this "battle zone" the bulls have everthing to conquer another territory. On the other hand the bears need a good selloff and conquer the 1085 points.
At "big picture" I will keep my primary count but at same time will began to take attention at my alternative count. So with these two charts the top of this P2 may will be between the 113x's and the 116x's.
EUR/USD weekend update
Sunday, December 13, 2009
This is my primary count. In green you can see my alternative count.
As Filipe had show some are considering my truncation as a II, but for now i will put that option in 3ยบ place since i don't know how to count the last up move in that option.
good luck
EDIT (by Filipe): At the "big picture" (monthly chart) the harmonic analysis suggest the possible formation of one or two bearish patterns.
GBPUSD Update
Friday, December 11, 2009
P.S. My last charts in SPX still in play. You can see these at here. Read more...
EUR/USD ALTERNATIVE
Thursday, December 10, 2009
For now i don't like the action in this possible II, so i present you with my alternative count.
Good luck
EDIT: Alert of a possible "diamond" in SPX. Still not confirmed
SPX intraday update (Part 1)
My primary count says wave ii of C finished yesterday.
EDIT: Another alternative count to keep in mind.
SPX Daily Update
Wednesday, December 9, 2009
Hi again.
To minimize my work I had the idea of only changing yesterdays background picture with todays one. Just check it :)
And the market dropped today. I fell the correction coming to an end as we almost hit 61,8 level. My count is saying that we could still spike down to complete 5th wave.
Best to your trading.
PH
SPX Daily Update
Hello folks, PH here.
I think the market is still correcting down from recent upside movement.
A price between 1087 and 1095 is, in my opinion, a sweet spot to start taking long positions again (somewhere between a new low and 61,8% level), with a tight stop.
Just don't fight the market and don't try to pick tops.
Best to your trading
PH
EUR/USD UPDATE
Monday, December 7, 2009
That move down was what i expect if in fact we had the truncation at 1.51417.
Now i expect some kind of abc to finish 2ยบ wave.
Good Weekend
Saturday, December 5, 2009
During this weekend I will do thirteen years since I have a relationship with my lovely wife!!! She's the love of my life and I will take this opportunity to go out until wendnesday. During these days PH will do the respective updates. Best weekend for all!!
P.S. My last count and some alternative options are the same as the last update. You can see this count here.
P.S. My last count and some alternative options are the same as the last update. You can see this count here.
Before I leave I want dedicate this poem to my precious wife :).
"Love used to be at the back of my mind.
Dead and lifeless like the sun with no shine.
Then you came along and showed me love is beautiful.
You brought me to life, so strong and spiritual.
The day that I saw you, my heart melted.
It was true love, because I felt it.
You changed my life in so many ways.
Some of them I can't even explain.
When I think of you, the world just leaves.
From my mind and from my dreams.
I see someone that is caring and full of heart.
Someone daring, someone special, someone to share my heart.
I made this poem only for you.
To think of me when you're feeling blue.
I Love You!"
Read more...
Dead and lifeless like the sun with no shine.
Then you came along and showed me love is beautiful.
You brought me to life, so strong and spiritual.
The day that I saw you, my heart melted.
It was true love, because I felt it.
You changed my life in so many ways.
Some of them I can't even explain.
When I think of you, the world just leaves.
From my mind and from my dreams.
I see someone that is caring and full of heart.
Someone daring, someone special, someone to share my heart.
I made this poem only for you.
To think of me when you're feeling blue.
I Love You!"
SPX daily update (Part 1)
Some trendlines that I will follow.Some options to keep in mind:
a) Irregular abc at wave ii of C;
b) Triangle at wave ii of C;
c) Bearish wedge at wave C.
AUDUSD update
SPX daily update
As I follow my big picture this decline will be wave ii of C. Below the 1085 (cash) this count will be in danger. Until that I prefer count as I show at chart.
P.S. Another day (only afternoon) without internet connection and trading :(. Read more...
EUR/USD UPDATE
Thursday, December 3, 2009
This is what i was talking about this afternoon.
The "green" count seems to be the right one. This up move may not be finish, but a break of 1,50326 will make me belive that we are done in the up side
SPX daily update
Today was a hard day of work without internet connection :(. So I can't made any intraday update.
About the markets it's still hard to label these waves at short term but seems this new high was made with a flat wave. (3-3-5). So it's possible new highs tomorrow to finished wave i of C or C.
Read more...
GBPUSD Update
Wednesday, December 2, 2009
GBPUSD until now didn't confirm the beginning of the new (down) trend and it's need a good sell off to validate the began of the wave iii. However since the wave ii (rose) the pattern seems more another zig zag,were wave "a" is similar with wave "c". So the bears must have some caution and wait a little more to see what will happen.
Read more...
SPX daily update
Today was holiday in Portugal (Independence Day) and I take this time to rest with family.
About the SPX I haven't nothing new to say and I will keep a double zig zag or triangle as the possible pattern for this wave B. Alternative count is wave C already underway.
Read more...
About the SPX I haven't nothing new to say and I will keep a double zig zag or triangle as the possible pattern for this wave B. Alternative count is wave C already underway.
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