SPX intraday update (Part 2)
Thursday, December 9, 2010
Alternative count (no chart): wave i of v still underway and wave v of i of v is a bearish weadge or ending diagobal.
Read more...Alternative count (no chart): wave i of v still underway and wave v of i of v is a bearish weadge or ending diagobal.
Read more...1-2 1-2 or some kind of triangle? Don't think the blue count will prevail
The only way the blue count could prevail is that this move down was a A of some kind of triangle to complete the iv wave. I don't buy it.
For now i'll keep the II wave as a running flat.
Good Luck
PS: just want to say god bye to an "old" friend that left us. Rest in peace my good friend Joaquim Magalhães. You will allways be in the heart of those who had the pleasure to met you
Finally some time to put a decent update.
The red is my primary count. The blue one is the bull option. It could be an ABCDE and now we are finishing the "D".
Either way i expect a move down and expect new lows.
The blue line is the limit for the bull count
This is the short count. The next move could bring 1,39's
Good Luck.
PS: till the end of the year, i will have little time to update the count. But i'll try to put an update at least one time for week
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