Good Weekend

Saturday, May 22, 2010


This weekend my tribute to the "old school" heavy metal bands goes to Celtic Frost!
Celtic Frost is a heavy metal band from Switzerland. They are known for their heavy influence on the extreme metal genres, particularly black metal. The group was first active from 1984 to 1993, and re-formed in 2001.
Their more influential recordings were 1985 "To Mega Therion" (1985) and "Into the Pandemonium" (1987).
These albums were some of the pivotal LPs for underground metal and inducted a new and more varied sound. Celtic Frost, along with Venom and Bathory were pioneers in the underground black metal scene, although Celtic Frost were much more experimental with the addition of classical instruments, operatic female vocals and sampling.
Good weekend to all and don't forget to support this blog making your self as follower!
P.S. During the weekend I will do the SPX charts update with some changes cause these last two days action seems more 4's, 5's and 4's waves (The SPX cash had a perfect channel to the downside and the odds suggest at least one more low for the bear case. For my alternative count (bull case), since the 122x's highs SPX finished today a double zig zag).

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SPX intraday update (Part 1)

Friday, May 21, 2010

The trend is your friend. Nothing until now to worry the bears. I say down SPX will go cause since the lows I only count a simple abc!

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SPX daily update

Two different counts with small differences. On the next days I will not expect strong rallys cause at short term seems the bull is dead!

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Time to hear the BEAR!


Do you hear the roar of the bear???? NO?!!! So listen the music cause the sound is similar :)!

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SPX intraday update (Part 3)

Thursday, May 20, 2010

Despite de new lows as I showed on my last chart, my alternative bullish count was invalidated. The trend still down and alternative (bearish) count still alive. My primary count (bearish) also was invalidated. As I said erlier... all decisions (at medium term) were made today! Charts latter!

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SPX intraday update (Part 2)

Possible count following the bull case.

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SPX intraday update (Part 1)

Today is the day of all decisions!!!
The bears will need a good sell off. The bulls will need to close this gap and a daily reversel candle! Let's start the game :). My last 3 charts are still valid.

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SPX daily update

The bears need more strenght to eliminate the bullish alternative count. Until friday maybe everthing is decided!

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SPX intraday update (part 4)

Wednesday, May 19, 2010

Didn't like this downside since the today high's. At cfd's seems an abc and spx (cash) may had finished wave i of iii of iii at today's lows.

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