Elliott Market Waves: Jan 21, 2009

Wednesday, January 21, 2009

My two cents for DAX. I strongly believe that this wave (a) will be at 12345 but everthing is possible.

The spx made only a lower low with 0.6 points. I expected a new lower low in the futures, but it went against my will. To help the "party", i didn't noticed the micro wave iv of the final v and the consolidation at 810-816 points also didn't help me. When i arrived home my stop was already activated and the "picture" become more clear.

Sorry guys. Today, i'm sad because not only i wanted long in this uptrend, but also, and the most important, because i didn't had the correct vision of the markets.

SPX update intraday (Part 5)

Yes i find it and it's confirm. We are now on sub iii of "a" of "ii" of this uptrend. Latter i will do the respective chart.

Wave i = 803 - 817
Wave ii = 817 -810
Wave iii = 810 - ?

SPX intraday update (Part 4)

So, it seems that we are already in wave ii of this principal downtrend. At night i will recount again. The charts today are very choopy.

SPX intraday update (Part 3)

Choopy day and maybe is doing something like that. Those Figures shows one corrective combination in a bull market and don't forget that we are in a bear market.

SPX intraday update (Part 2)

My count was invalidated. I will buy calls on next retracement with stop on 804 points. The donwtrend is over? This wave v will be extensive? I need more data to have those questions.

EDIT: This for me is not a impulsive wave so i will keep my puts. As Sulla said maybe is a complexe corrective wave.