SPX intraday update (Part 2)
Tuesday, August 4, 2009
It's possible this wave "e" of "i" or "a" already finished. However at DAX seems it's missing one last wave "c" to complete the entire movement.
It's possible this wave "e" of "i" or "a" already finished. However at DAX seems it's missing one last wave "c" to complete the entire movement.

This important area for the bears may create a good pullback (wave ii of C)

Nothing new to add. So far DAX is finishing wave a of e of v of i or a.

DAX is doing, like SPX, a bearish wedge or ending diagonal in this wave v.
Nothing new to add on my last update. Tomorrow is another day and the bearish weadge still in play.
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My bearish wedge still valid. Let's see what "they" will do at the end of the session.

I would like too see a bearish wedge at the end of this wave v.

Hard do know if this wave "i" of "c" or "a" or "z" already finished but as i still didn't see any decent impulsive wave since the highs i will considerate SPX is doing the subwave "iv" of "i" or "a".
Today decide showed my point of view of the long and medium term analysis at SP500 (in Portuguese). Hope you like and comment it.
As my appresentation is in Portuguese (pages in english) the principal conclusions are:
- SP500 is doing, since March, the wave ii in this bear market;
- My principal count: SP500 began, since July, wave C of wave ii;
- This wave C of ii may finished between 1160 (c=a) and 1230 points (62 % retracement since the begin of this bear market);
- This wave ii may finished between September and November of 2009.
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