SPX intraday update (Part 1)

Tuesday, November 24, 2009

Possible triangle underway between 1085 and 1113 points.

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SPX daily update


At short term still have some doubts how complete this puzzle. However my last intradays updates (Part 1 and Part 2) are still underway. In short term or we have an abc's sequential waves or new highs will bring a new impulsive wave to the up side. For the moment the war is doing between the 1085 and the 1114 points. The bulls  have advantage but the bears may have some strength to show.

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DAX daily update


Yesterday I showed my bearish count for DAX and left the bullish count in the oven. As the markets made a strong rebound I decide to show it. At this moment the markets are very choppy, showing alot corrective combinations (simple zigzags, double zigzags, irregular waves, flat waves, etc) make very hard labbel  these waves.

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GBPUSD update

Monday, November 23, 2009



As expected rebound begans on GBPUSD. 

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SPX intraday update (part 2)

Since today's highs SPX made an impulsive wave. For the short term I'm not sure about the degrees of these waves.

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DAX intraday update (Part 1)

Until the last highs DAX made a flat wave (3-3-5) so despite my last update I expected new highs soon. Latter I will show my charts.

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SPX intraday update (Part 1)


Until new signals I will considerate this downtrend dead.

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DAX daily update



The waves aren't clear but at short term DAX showed some weakness signals. It's the P2 beginning at DAX? I don't think so. Only see some correction pattern despite waiting for a new lower low.

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SPX daily update


Since the 1113 I can see in cfd's chart only one abc. For the moment it's possible a double zingzag once I count on another indices five waves down since last week highs (e.g. DAX).

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