SPX intraday update (Part 1)
Tuesday, January 20, 2009
The waves are overlap and turn the count more difficult. However this is my chart.
SPX daily update
Monday, January 19, 2009
As DAX made a new lower low i had changed my count. During the weekend i suspected that SPX was not in wave ii and now because of DAX i'm more convinced that is yet in sub wave iv of principal i of this downtrend.
DAX dialy update
DAX had made a new lower low and i told you yesterday that the friday's increase were suspicious. So, i made a new count, as i don't believe that already we are in the wave iii of this downtreand.
SPX and DAX dialy update
Sunday, January 18, 2009
This last rise movement seems suspicions to me, however i will give the benefit of the doubt to the bulls. Have a nice week.
Good weekend
Friday, January 16, 2009
Nice trading week. Hope that all of you made some money. I think today's movement after all was in a corrective wave (my stop was activated). So the last update was wrong. During this weekend i will update my charts.
Read more...SPX intraday update (Part 2)
For me this is a impulsive wave but i need more data to confirm that. Good lock with your trades.
SPX intraday update (Part 1)
My two cents for today. I'm short since 858 :P. I think this is wave (b) of the ii but this pattern is more impulsive that corrective. Below 832 points i think thats better stop the longs to see what happens.
SPX daily update
Now we began this countertrend (wave ii) but i need more data to resolve this puzzle. However, I think this wave ii final target could be between the 50% or 62% of Fibonacci.
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