SPX intraday update (Part 2)
Friday, September 11, 2009
For now it's just another abc and seems my last alternative count is underway.
Read more...
Dow and SPX count
Dow and SPX seem to cooperate with everything that we've been saying. The count appears to be clear and we expect a correction right way. 5 wave structure is complete, solid divergences are appearing, we hit the top of the daily rising wedge, the top of the short term channel etc etc etc... tomorrow is 11'th September, typically a bull day since the world trade center attack, but we just don't see how can this thing go higher tomorrow! We leave you a few charts.
Best to your trading.
Some different options for the end of this wave P2.
At short term:
Dow, rising wedge and divergence
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:
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