SPX intraday update (Part 3)
Thursday, January 29, 2009
I see alot waves interceptions so i think this is only a corrective wave. But if we broke consistely the 848 points mayby i must chanche my count.
I see alot waves interceptions so i think this is only a corrective wave. But if we broke consistely the 848 points mayby i must chanche my count.
Looks like a corrective wave and similar that i showed last night.
I think in DAX we will see the wave iv during the morning of tomorrow.
SPX may extend a little more this upside wave. The fall before the close seams more corrective and typical of wave iv. In this wave iv i made two possible counts but i prefer the abcde count because usually these kind of waves are more complex. Possible final target of this upside (wave ii) about 88x-89x points.
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