Tuesday, May 5, 2009
SPX daily update
My last update is still valid and the Bull case count made yesterday is (also) still valid. Tomorrow is another day and maybe SPX will do wave iii of iii of C.
SPX intraday update (Part 2)
No reason to enter short cause until now i only count an abc wave. Moreover DAX had successfully test the trend line.
SPX intraday update (Part 1)
SPX had completed this morning 5 waves since last friday lows. So the one million question is: SPX will have now a minor or a mayor correction?
EDIT: The last micro wave iv intercept already the micro i so the highs in short term are made.
SPX daily update
The last friday's session gave the first signal that something was not right in my last count. So, the new highs not suprise me. What's happens now? I give two different counts but truly these patterns are too confused to put (again) my hands on the fire.
The both counts have several problems but i will give the benefit of the doubt to the bulls. I will reenter short in the 95x's area.