DAX daily update
Thursday, June 11, 2009
Not change nothing in DAX, despite the confusing intraday patterns. 5300 points here we go!!!!
P.S. Corrective patterns sucks :(((!!!!!
SPX daily update
I expected new highs very soon despite the confusing patterns. This time i give two alternative counts but for now i prefer the triangle.
DAX intraday update (Part 1)
Wednesday, June 10, 2009
Maybe is missing one simply wave to complete this wave A of P2.
DAX daily update
Tuesday, June 9, 2009
Maybe the abc was completed and now is ready for new hights.
The 53xx's is the delightful area to enter short :)))).
SPX daily update
When we have corrective patterns followed with (again) corrective patterns is hard to have a decent count. However i like very much this my last chart :).
Between +-950 and +-922 points SPX in cash made clearly 5 waves so i count this like c of iv of "a" as irregular flat. The spike at the 958 points i prefer to count as the end of wave "a" of X. The typical zig zag since friday i will count as "b" of X. Now the bulls are again in control so i expected new highs very soon however the following patterns are important to confirm my count.
SPX intraday update (Part 2)
Monday, June 8, 2009
Typicall zig zag on SPX. Maybe already finished this downside or maybe is missing one last wave. Some times the easier way is the better. So keep in mind the both trend lines to catch the next movement.
SPX intraday update (Part 1)
Decide not do update early cause the count at this moment is choppy and hard. Now seems more an abc but still some doudts how feets in the big picture. Maybe some flat or triangle. The flat in cfd's for now is not valid cause this last lave must be in 5 waves and i see only abc. Maybe in cash we can see these 5 waves. In the case of the triangle is still early to be sure. Despite these doubts I think SPX likely will test the 920-925 points and then maybe will do new highs.
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