SPX intraday update (Part 1)
Monday, September 14, 2009
Nothing new to add about my last update. So i expect 101x's values before new highs.
Nasdaq was the first to break the trend line on Friday...a new short term trend seems to be underway. We expect a drop near 1630 support area, and after that a new uptrend to complete wave "e".
Best to your trading
PH
SPX daily update
New trend at short term began and the beginning of the end (P2) is very close.
Good Weekend
Saturday, September 12, 2009
The clock´s still playing, tic tac tic tac, to finished this rally (medium term) and this upside sub wave (short term), but we must have some patience in order to kill the bull in the exact moment. Therefore take this weekend to rest and store a few more patience.
THIS IS MY BATTLE SCREAM FOR ALL BEARS!!!!!! Good weekend for all!
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.
Subscribe to:
Posts (Atom)
