DAX intraday update (Part 2)
Friday, March 6, 2009
Two diferrent counts for DAX.
SPX and DAX intraday update (Part 1)
Impulsive wave made in this last movement. Respect your stops and protect your capital.
SPX daily update (Part 2)
Another alternative count. I will not trust any rally until overcome the 724 points.
SPX daily update
The market like to do what everbody don't expect. Yesterday everbody expected a sell off (and we get a rally). Today everbody expect the continuation of the rally and we get this sell off. So it's important to have an open mind and have one valid strategy.
Now we are again in no man's land. I can see 5 micro waves to the down side so this minor wave iii may had finished. On other hand, this wave can me expanded. So, if SPX do new lows, this down trnd my accelerate. If SPX overcome the higher high of yesterday is already on minor wave iv. I will wainting for more signals but i don't trust in this bull signals.
DAX daily update
The downtrend continues and the waves of DAX still confused. On other hand keep in mind a possible H&S's.
SPX and DAX intraday update (Part 2)
I think after all we are still in minor wave iii. With this market don't forget your stops and follow your trading ideas. Good trades for all of you.
SPX intraday update (Part 1)
Until new lows i will considerate this movement as part of wave iv. The minor wave ii lasted 16 days, so this countertrend maybe will have 8/10 days to developing. I will expected an complex pattern like a triangle or some kind of wedge. Open shorts last nigth at 714 and already close it with gains :).
DAX intraday update (Part 1)
These waves iv's are hard to recognize the pattern but i expect, as usual, a complex pattern like a triangle. Until new lows i will considerate this movement like a wave iv. Close my shorts with losses :(.
Subscribe to:
Posts (Atom)
