SPX and DAX intraday update (Part 2)
Tuesday, March 10, 2009
As suspected, during the morning, the minor wave iv is developing. I will post the charts latter.
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DAX intraday update (Part 1)
DAX is doing some simple abc or a complex abcde corrective movement. I will see later the big picture.
SPX intraday update (Part 1)
SPX test again the trend line and doing some kind of triagle. I don't negociate triangles due the trend lines can change easily.
DAX intraday update (Part 1)
New sings on DAX maybe means that we are already on minor wave iv. Charts latter.
Read more...SPX and DAX daily update
Monday, March 9, 2009
Very choppy session and i only see abc's in each movement. I don't like trade this movements and i don't see any reason to stay inside. In general, i think we are doing some kind of ending diagonal triagle and expected at least one more low to close this minor wave iii.
SPX daily update
I don't see any reason to think this is minor wave iv but i have two different counts to present. Due the DAX i prefer the first count.
DAX daily update
Sunday, March 8, 2009
Everbody is very happy due think the minor wave iii was finished. Hummmm, for me we still in this wave. I only chance my count if DAX overpass the friday higher high. I must say, that i tried to have a bull count (minor wave iv) but i don't like neither, so keep in mind the horizontal resistences and the principal trend line.
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