DAX intraday update (Part 1)
Monday, March 2, 2009
I think we must have more blood on DAX.
DAX daily update
I think DAX has more potential to fall than spx. The wave iii still lower than wave i and i expect that this downtrend will accelerate tomorrow. As i sayed last week i will expected the 3500-3600 points.
SPX daily update
As we are near of the end of this downtrend is better have an open mind and stops due the principal wave iv of V maybe start aggressively. I give a big picture and two alternative counts which shows that this sub wave iii of V may will finished near of 700'ish (conservative count) or below that (agressive count). Personaly i will follow the conservative count.
Good weekend
Saturday, February 28, 2009
Great week for the bears but now it's time to have same rest and relax. Keep an open mind and stay short. During the weekend i will update my charts.
VIX
Friday, February 27, 2009
No panic, no fear... With out fear, we don't have any sell off, but also, we don't have any trustful rally. So, keep in mind that we need a true sell off to end this Wave A.
DAX intraday update (Part 2)
When the double top will activated i think the final target will be 3600 points.
SPX intraday update (Part 1)
I truly belive that this sub wave iii of v will be extended so my target for this final v is more bearish (below 700 points).
SPX and DAX intraday update (Part 1)
"It's a bird? It's a plane? Ohhhh no its a super bullfighter!"
"Yes baby, it's time to give you some spits."
SPX and DAX daily update
Finally the wave iv ended :). It would be nice see VIX above the MA50 to have some panic in the markets. No panic no capitulation.
Possible targets for end this wave v of iii of v:
SPX - 700-720 points
DAX - 3500-3600 points
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