Elliott Market Waves: Mar 31, 2009

Tuesday, March 31, 2009

Similar count for DAX.

SPX daily update

I think it's better count todays wave as wave B of ii despite the missed interception with the wave i of A. The last half hour on SPX was probabily the beginning of wave C of ii.

SPX intraday update (Part 2)

Whith this uptrend i must change my count and see this movement as wave B of ii.

I have two possible counts for DAX but, as i expect one minor wave iv for spx, i prefer the similar count for DAX. Despite this, i expect some support in the 3940 area due is the 50 % of the retracement.