GBPUSD update

Friday, November 20, 2009

Seems GBPUSD started mayor correction and first target for this new trend is the 1.56 as you can see in this chart.


SPX daily update

Today's action suprise me and now may primary count suggest wave b begans. Since beginning of wave "a" I had some problems to label some subwaves in cfd's charts. Despite this, cash charts are more clear and some indicators suggest this is mayor correction (wave b).
The beginning of this wave b complicate (again) the count but I like this cause fits very well with my big picture,



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