SPX and DAX dialy update
Tuesday, February 24, 2009
I'm back from my weekend (fantastic days of pure relax) and this nigth i will do the SPX and DAX dialy updates.
I'm back from my weekend (fantastic days of pure relax) and this nigth i will do the SPX and DAX dialy updates.
It's Carnaval period and i will do some samba rest in Algarve. A great weekend to you all. Take care.
In the meanwhile stay tuned for some great hard rock provided by my friend Brian Kroll. Hope you like his band.
http://www.myspace.com/mysonthebum

My conservative count for SPX.

This is my two cents for SPX. I don't see yet the micro wave iv so i expect some up side to complete this micro wave and maybe another downtrend wave. Similar count to DAX.


I've been following the big picture and now, it seems to me, that this is not the sub wave iii of V. To change this idea i must see a huge sell off on DAX. In short term i think its still missing one mini wave down to complete this downtrend.
P.S. SPX is already in 77x's and DAX still above the 4000's. To me is very strange. The stop of my count in this possible mini wave iv is on 4200 points and is not as i show in the picture.

As i like DAX and SPX with the similar count i change few things.

Still very hard to count spx but i don't see reasons (see the trend line) to sell my puts if already we are on sub wave iv.

I think is still missing one wave down to complete this sub wave. My stop still on 4250 points.
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