DAX intraday update (Part 1)
Monday, May 25, 2009
This DAX movement (cash), since the highs (5060 points), looks like corrective (wedge) so maybe DAX can do another high to finished this uptrend.
This DAX movement (cash), since the highs (5060 points), looks like corrective (wedge) so maybe DAX can do another high to finished this uptrend.
Another day, another alternative count. These messy waves makes me crasy.
The last hour on friday seems the beginning of wave iii of iii, but this wave had already waves interceptions, so maybe SPX can (try) test the 90x's (again). However SPX is in a downwtrend so any rebound should be seen as an opportunity to increase short positions.
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