Good weekend

Friday, January 16, 2009

Nice trading week. Hope that all of you made some money. I think today's movement after all was in a corrective wave (my stop was activated). So the last update was wrong. During this weekend i will update my charts.

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SPX intraday update (Part 2)


For me this is a impulsive wave but i need more data to confirm that. Good lock with your trades.

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SPX intraday update (Part 1)


My two cents for today. I'm short since 858 :P. I think this is wave (b) of the ii but this pattern is more impulsive that corrective. Below 832 points i think thats better stop the longs to see what happens.

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DAX daily update


The count of DAX and SPX are similar, so we began today this wave ii.

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SPX daily update


Now we began this countertrend (wave ii) but i need more data to resolve this puzzle. However, I think this wave ii final target could be between the 50% or 62% of Fibonacci.

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