SPX intraday update (Part 1)
Friday, January 23, 2009
The count is complicated but i don't believe that wave ii is already finished. So, maybe SPX still in wave iv of principal i doing some kind of triangle.
DAX daily update
Similar count to DAX and be careful for the possible triangle. If DAX broke the trend lines (support or resistence) the movement may accelerate.
SPX daily update
Thursday, January 22, 2009
Another difficult and complicated day for the bulls. When everybody expected rises for today, SPX decided counteract. During all day i thought, everything's normal, despite the high retracement, but the reaction after the test of the 839 points made me think about it. For this reason i will show two possible counts and beware the possible triangle that can be being drawn.
DAX intraday update (Part 2)
DAX had done already the principal wave (A) and is doing the principal wave (B). Maybe this principal wave will be on 3-3-5. I don't think that this uptrend had finished.
DAX intraday update (Part 1)
DAX already made 5 waves so i think this is the wave (b) of ii.
DAX dialy update
Wednesday, January 21, 2009
My two cents for DAX. I strongly believe that this wave (a) will be at 12345 but everthing is possible.
SPX daily update
The spx made only a lower low with 0.6 points. I expected a new lower low in the futures, but it went against my will. To help the "party", i didn't noticed the micro wave iv of the final v and the consolidation at 810-816 points also didn't help me. When i arrived home my stop was already activated and the "picture" become more clear.
Sorry guys. Today, i'm sad because not only i wanted long in this uptrend, but also, and the most important, because i didn't had the correct vision of the markets.
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