SPX daily update
Thursday, September 3, 2009
Have a small change in my SPX charts since this last wave seems more one wave iv. I like this count cause is similar with DAX count.
Some thoughts about long/mid term nasdaq 100.
Comments on the chart. This could be the beginning of P3, lets watch closely how it develops.
Best to your trading
PH
DAX intraday update (Part 1)
Wednesday, September 2, 2009
Today this pattern seems some wave iv so this is my primary count for DAX.
SPX daily update
Today the markets decide to resume my doubts about the top and the beginning of wave P3. These doubts were legitimate due the complex pattern (leading diagonal) of wave i. For now my last update is still valid and (as i said before) until SPX remains below 1027 i will keep it as my primary count.
P.S. I have similar count for DAX.
SPX intraday update (Part 3)
Finally a good sell off to confirm the beginning of P3. The final confirmation sets SPX below 970. Until SPX remains below 1027 i will keep it as my primary count.
SPX intraday update (Part 1)
Since Friday highs we have only one clear impulsive wave (this morning). However i see this impulsive wave inside a corrective wave. I don´t trust in this downside and you?
P.S. Please vote at my poll to know what you think about it!
EDIT: This don't seems wave iv as i show in my last chart. Below 101x's my 2nd alternative count is underway.
SPX daily update
My primary count was invalidate and cause of that i change the targets of P3.
Next i will show two alternative counts and their problems....
1st alternative count:
2nd alternative count:
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