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Monday, March 2, 2009
Close my shorts of DAX and SPX due the session is very flat to me.
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DAX daily update
I think DAX has more potential to fall than spx. The wave iii still lower than wave i and i expect that this downtrend will accelerate tomorrow. As i sayed last week i will expected the 3500-3600 points.
SPX daily update
As we are near of the end of this downtrend is better have an open mind and stops due the principal wave iv of V maybe start aggressively. I give a big picture and two alternative counts which shows that this sub wave iii of V may will finished near of 700'ish (conservative count) or below that (agressive count). Personaly i will follow the conservative count.
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