Monday, August 24, 2009
As everybody know, until August 31 i'm on vacation and enjoy some beautiful days in Algarve. Therefore, don't be surprise if i miss any dialy or intraday update.
Despite this SPX is at his final wave C of this bear market rally and at short time is doing wave iii of wave C. My primary count suggest SPX may do 11xx's and P3 may began at middle of September (see my Table "Fibonacci ratios"). For now is early to short SPX and i will be wainting the end of wave iv of C to began short.