Wednesday, May 27, 2009
SPX intraday update (Part 3)
Not time to do any chart but i covered again my shorts due DAX and CAC made correctives patterns. So for SPX cash i think this wave ii will be made like abcde and in cfd's is doing wave b of ii. Maybe it's missing one last wave to do the 92x's.
SPX intraday update (Part 1)
SPX cash is more bearish than SPX cfd's. So my primary count is that. First SPX may correct something and then go up to finished this wave ii. This last up side
is in agreement with the new highs on DAX. Will be the last breath of the bulls on short time frame?
SPX daily update
Not change my count but until the 925's i will increase my shorts again (covered my shorts at 880 and enter long until 905).
P.S. For DAX this chart is still valid
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEholwimTRKyJsjQoeO5CjBNlHLD9ED84u02GwDhQJ3jlQi06jw_TMaS76djvLLGPsVV5q0yuMgocOydGjocF3r0ciiB0gkL-kjUowgAmVb2jRZBmOovr8WSIaBL2ukoyf3q-NmvvHHoj1ml/s1600-h/dax.jpg
EDIT on 27/05/2009: Make more sense this count.