The minor wave iv is developing. Possible targets between 740 and 780 points.
Wednesday, March 4, 2009
DAX daily update
So, as i suspected during this morning, wave IV is developing. Since minor wave 1 was higher than wave 3 i will give 3 alternative counts for DAX. With this rebound i believe that this principal wave V is doing some king of abcde correction.
Targets to have attention: 4055 (38 % retrace) and 4175 (50 % retrace).
SPX update intraday (Part 1)
An alternative count for spx. With the DAX strong i must have an alternative count but confirmation of the possible wave IV only with a new higher high.
DAX intraday update (Part 1)
DAX continues strong so maybe this is the wave IV...or maybe not :). Two different counts but now seams that this is the wave IV less strong than expected.