SPX and DAX daily update
Thursday, March 19, 2009
I still don't see any reason to change my counts. DAX continue do some kind of the wedge and SPX is in an area of high resistance. At least i expect an huge pullback, so i will keep my shorts in.
DAX intraday update (Part 1)
Wednesday, March 18, 2009
Difficult days to understand where we are. I'm in a fight to see clearly if DAx is already on minor wave v. I prefer the DAX cash count but it's possible that minor v has began (Cfd's count). If DAX is not in the minor wave v, it miss only one minor wave up to finished.
DAX daily update
Tuesday, March 17, 2009
At DAX, this time, i also preferred count in cash. Looks to me some kind of ending diagonal triangle.
SPX daily update
Today i prefer to count the spx cash. Here we can see clearly that is missing the wave v of C. When i began to see an impulsive movement during the afternoon i suspected that was something wrong. But when i saw DAX in a corrective moviment i reenter short until my last intraday update. I think this wave v of C can go next to the 800's but with the RSI divergence i don't believe that can overcome this resistence.
SPX intraday update (Part 3)
I have serious doubts if we are already in the minor wave v. Maybe will be finished today :((.
Read more...
SPX intraday update (Part 2)
I don't like this movement. Close part of my shorts to see what happens.
Read more...
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