DAX intraday update (Part 2)
Wednesday, September 9, 2009

Close to finished this pattern.

Close to finished this pattern.
I think that is in progress a final abc that could lead us to to top of P2.
I think at this point we could easily say that P2 is not over yet. And trend lines seem to confirm that although saying that we are reaching the limits of this up move. I leave a few charts of the Nasdaq showing the strenght of those lines.
Best to your trading PH

My last update is still underway so new charts only tomorrow. Good night to all with sweet dreams.


My last updates for both indices.
EDIT: This wave iv maybe is doing a triangle... (2 minutes latter) or maybe not.
Sub wave iv (rose) underway (see my last DAX update)! Values to stay alert: 1010 (spx) and 5400 (DAX).
Read more...Nice Robert Prechter interview at FSN Radio. You can listen the entire interview at: http://www.financialsense.com/fsn/2009.html
Read more...


The last friday action, as you know, made turn my primary count, as P3 not began. Below the last week lows, i will change my primary count, but for now i truly believe that new highs still are possible.
My alternative you can see in my last SPX update: http://1.bp.blogspot.com/_XX1K8deKkBE/SqFXh3Y-vII/AAAAAAAAB2k/za17_L-hHlc/s1600-h/spxbear.JPG
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