SPX intraday update (Part 3)
Thursday, September 10, 2009
Maybe an extended wave v.
SPX intraday update (Part 2)
Nothing new to add but the clock started playing tic tac....Possible final target at 1040-1042.
EDIT: A new high was made and 5 waves were completed. If you want to play a 20 point short term short position, this is the spot. Tight stops and low risk.
SPX intraday update (Part 1)
New highs in the morning messy the waves pattern but i will consider this action as irregular wave iv.
SPX daily update
As my friend Ph made the short term count for SPX, today i only made the update of big picture (similar count showed in last friday). Similar count for DAX as i post last monday at: http://4.bp.blogspot.com/_XX1K8deKkBE/SqWk6RKXSSI/AAAAAAAAB28/IK-u6EInGVg/s1600-h/dax1.jpg
EDIT: Ph showed our primary count and i show the alternatice count for this subwave a:
2 slightly different counts
Wednesday, September 9, 2009
At this point I show 2 alternatives for the count. This is because SPX and DAX are diverging from Nasdaq and Dow. On November 3rd Nasdaq and Dow had make a low, while Nasdaq and Dow don't. My favorite count puts SPX on the highs before correcting.
Best short term strategy at this point, may be wait for the the end of the retrace ( wave b or 2) and then enter long.
Best to your trading
PH
EURUSD Update
Some thoughts we share about the euro currency. After this yellow "c" wave we are going down! Who starts first? SPX P3 or euro? Lets wait and see.
P.S. I hope to continue improving the blog with your support, so if you like it, you can be a part of this community as a follower (see the picture below) and/or click on "it" you know what's "it":))).
SPX intraday update (Part 3)
Another (alternative) count with extended wave v as i told in last post.
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