SPX intraday update (part 2)

Friday, June 11, 2010

My primary count at short term following my last charts from SPX and DAX.

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SPX intraday update (Part 1)

Since May lows and with yesterday rally labelling this waves as impulsive began to seems inappropriate. Following my last DAX chart maybe SPX is labbeling a possible complex triangle.

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DAX intraday update (Part 1)

Sometimes I need follow another indices to undertand better what SPX is labelling. My alternative indice is DAX. What I see, since the April highs, is a huge triangle. As I don't believe in new highs during the next weeks as wave A (blue) had 12 months and it's needed more time for this wave B (at least 3 month). How this count fit SPX? I must see after lunch.

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