At DAX, this time, i also preferred count in cash. Looks to me some kind of ending diagonal triangle.
Tuesday, March 17, 2009
DAX daily update
At DAX, this time, i also preferred count in cash. Looks to me some kind of ending diagonal triangle.
SPX daily update
Today i prefer to count the spx cash. Here we can see clearly that is missing the wave v of C. When i began to see an impulsive movement during the afternoon i suspected that was something wrong. But when i saw DAX in a corrective moviment i reenter short until my last intraday update. I think this wave v of C can go next to the 800's but with the RSI divergence i don't believe that can overcome this resistence.
SPX intraday update (Part 3)
I have serious doubts if we are already in the minor wave v. Maybe will be finished today :((.
SPX intraday update (Part 2)
I don't like this movement. Close part of my shorts to see what happens.
SPX daily update
This is my "big picture" choise count for the moment. At short time, i expected a false break in the 74x' area which will precipitate the downtrend.
P.S. A special thanks to Ph due his comments and support.