Saturday, August 1, 2009
Today decide showed my point of view of the long and medium term analysis at SP500 (in Portuguese). Hope you like and comment it.
As my appresentation is in Portuguese (pages in english) the principal conclusions are:
- SP500 is doing, since March, the wave ii in this bear market;
- My principal count: SP500 began, since July, wave C of wave ii;
- This wave C of ii may finished between 1160 (c=a) and 1230 points (62 % retracement since the begin of this bear market);
- This wave ii may finished between September and November of 2009.