SPX intraday update (Part 3)

Tuesday, September 22, 2009

A quick chart cause i must dinner and rest a little. All waves since yesterday seems corrective so at short term this is my primary count. See you latter :).


SPX intraday update (Part 2)

EDIT: Bulls in control and at same time we can have a possible inverted H&S's . On other hand this wave v may be an bearish wedge. Let's see what "they" do!


SPX intraday update (Part 1)

At short term seems wave v of C of C is in play.

At medium/long term my bearish wedge still in play and after this wave v of C of C maybe will have a small pulback and then again new highs to finished this P2.


EURUSD Update - Gartley Pattern

Hi there. As i told you before, we are now working with a new software that automatically detects some kind of patterns. On todays example, and because the pattern shows up today, we will show you the Gartley pattern, maybe one of the most powerful patterns of harmonic trading. I'm sure most of you don't even know what is a Gartley (i didn't know it last week too), but if you google it i'm sure you clear all your doubts ;). Harmonic trading basis is establish a series of relations, Fibonacci numbers based, between price AND time, and draw a 2 dimensions pattern that can be used to identify the end of movement. Of course, no pattern can guarantee new highs or new lows. The most usual to get with these is a Fibonacci retracement 38,2%; 50% 61,8%, etc... A little confuse at the beginning but the screen shot speaks for it self.


SPX daily update

Today was a strange day. NDX made new highs and DAX invalidate my count. On other hand SPX had a choppy session and it is difficult to label this pattern. Short time seem's that is missing one last wave to the downside. However, the odds suggest new highs will be made very soon.

P.S. Anyone having problems to add comments? I can't reply to none of you (Disqus problem ). Thanks to Creepy, Moguita, Jorge and Carlos for your analysis.



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