DAX intraday update (Part 1)
Wednesday, January 28, 2009

DAX is doing, also, some kind of a corrective combination.

DAX is doing, also, some kind of a corrective combination.

The markets are still very choppy but i think the final target of this wave ii will be between 860 (second picture) or 890 points (first picture).

Interesting chanel in futures.
These last days have been, in my opinion, alot confused and complexed. The waves are always intercepted and make the counts very difficult. However, i made two possible counts, but when the market made this kind of movements i prefer stay away and waint to see what happens.
I need more data to understand this last movement but the last count is invalidated.
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I didn't expect this for SPX but if we had a higher high is because we are on wave ii.

As expected, SPX reacted badly to the 93x's. I expected, like DAX, new lows during this week.

Dax is doing some kind of "ending diagonal triangle". So, i expect new lows during this week.
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