SPX intraday update (Part 4)

Tuesday, November 3, 2009


Hard to label my primary count but is still valid. This pattern is to choppy to have decent count so I will folllow at same time my alternatives counts (see below). Comments and another alternative charts, as I said in my chat, are welcome :).

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SPX intraday update (Part 3)


Another alternative count. Wave ii forming some triangle. The odds don't suggest this in wave ii so I will keep as alternative count.

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SPX intraday update (Part 2)

Time to show my alternative count. Seems to shoppy to considerate this as impulsive wave but we must have open mind.

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SPX intraday update (part 1)


Time for lunch.

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GBPUSD Update

GBPUSD formed a gartley bearish pattern in this wave b of ii. I also show some drafts at long and short time frame to understand my view in the "big picture"



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Transportation update

Dow transportation seems to be cooperating with other index counts.
For those who don't believe in P3, at least a C wave down should be made.
Check euro too. We are sited in the daily trend line, and it make me think that we should correct to the upside making wave 2 or b.



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XAGUSD UPDATE


Seems the top for long time frame is made. However until now we can see only 3 waves to the downside.

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Wheat update



Wheat still inside the correction pattern so I will expected a teste at 47x's. For other hand a possible H&S is forming. So, for now we must have same patience and wait to see what "they" will do.

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SPX daily update


Wave v of i made slight lower low and now seems wave ii is underaway. Possible target at 1060-1080 points.

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