Good Weekend

Friday, February 12, 2010

Good Weekend and rest well. During the weekend I will do the updates.


SPX intraday update (Part 3)

Dangerous count for the bear case but everthing in this messy market is possible.


SPX intraday update (Part 2)

I expected SPX at these values however didn't like the strength of this movement. The bears need a good sell off to validate my primary count however the bulls gain strength (again) when did the test of the short time trendline.
So SPX still inside the lateralization area and the both counts (primary and alternative at medium term) are also still valid.


For me it's "Going Down"


SPX intraday update (Part 1)


It's possible wave ii of iii already finished. The bulls need new highs to invalidated this count and the bears need break the trend line at short term to have a good sell off.. 


SPX daily update

Another day and finally one clear pattern at short term. Despite this, the counts at medium term are still choppy.
My primary count still possible but the time action don't help this scenario. However today had only time to show this potential scenario. The alternative count at medium term still also valid and began to gain some points.
Tomorrow wil be an important day (again) to clearify the waves labeling since last weeks lows.



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