SPX intraday update (Part 1)
Thursday, August 13, 2009
We are in the same swamp as the previous days (weeks) so a lot of different readings are still possible.
SPX daily update
As SPX didn't made new highs the last change for the bears is a double zig zag formation in this wave ii or B.
SPX intraday update (Part 1)
Wednesday, August 12, 2009
The Million Dollar Question....WTF SPX is doing?????
DAX daily update
Triangle or another different pattern? For now is better control the trend line (green line) and see what happens. Despite my doubts this is my primary count and the triagle the alternative.
SPX daily update
These last 2 weeks were label by total messy waves. For now only can wish less corrective combinations. Despite all alternative counts i prefer to count the beginning of this wave ii or b with the last higher high (1017). So i expect at least one week of correction until the 95x's.
DAX intraday update (Part 2)
Tuesday, August 11, 2009
Yes my primary count was wrong. Despite this i still have doudts were wave i or A finished.
P.S. Similar count for SPX.
DAX intraday update (Part 1)
If my primary count for SPX and DAX is correct today we must have a rally to do the wave "iii" of "v" of "i" or "a".
SPX daily update
Today i had some time to recount this wave "i" or "a" and done some adaptations on PH wave count (thanks my friend). The alternative counts were showed last night: http://elliottmarketwaves.blogspot.com/2009/08/spx-daily-update_10.html (option 3 died).
P.S. My preferential alternative count order is: option 2; option 4 and at last option 1.
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