XAGUSD update
Thursday, September 3, 2009

Everbody is bull on XAGUSD but today i short it. Why? See my update.

Everbody is bull on XAGUSD but today i short it. Why? See my update.

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

Today this pattern seems some wave iv so this is my primary count for DAX.

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.

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.
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