DOW update

SPX and DOW have symilar counts. Any one with NDX count? I will like to see this count!

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DOW JONES update

Hi!

My first post, hope it will be ok for you guys.

Dow Jones seems to have a more clear image than SPX. In the chart is my road map for this move.

Unlike USA, euro stocks and asian seems they already finished P2

Edit: having some problems adding the picture :(

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DOW daily update

Hello there.
Today i leave a Dow update and all the shots were taken using my new software. The name is Metatrader 4, and in my opinion, with the right combination of indicators, can really give traders a good hedge. Just google it and give it a try. Before that you never want to hear about that Saxo platform again. Because it was created forex based, I recommend GCI metatrader, as GCI is a broker with all that indexes that we want: SPX, NDX, DAX, Gold, etc.
On the next updates i will talk a little about harmonic trading since it was the primary reason for this change.

Enjoy and best to your trading
PH

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Dow and SPX count

Dow and SPX seem to cooperate with everything that we've been saying. The count appears to be clear and we expect a correction right way. 5 wave structure is complete, solid divergences are appearing, we hit the top of the daily rising wedge, the top of the short term channel etc etc etc... tomorrow is 11'th September, typically a bull day since the world trade center attack, but we just don't see how can this thing go higher tomorrow! We leave you a few charts.
Best to your trading.

Some different options for the end of this wave P2.





At short term:


Dow, rising wedge and divergence

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Dow and Nas100 Daily update

I think those markets will make new highs tomorrow or Thursday. Closing long positions there, may be a good strategy. After that, at least a little correction is expected. P2 could be ending too, so be careful.

Best to your trading
PH

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Testing the highs

In the sequence of previous post, here it is. Channel broken and highs being tested, that should origin a little pullback and then... rock and roll baby.

Best to your trading
PH

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Be very careful for tomorrow!

Hello friends. Yesterday's movement was indeed impulsive, and after that (almost 38,2%) correction, we should be impulsing as well. The thing is that today's movement was series of overlapped waves that makes absolutely no sense for who's expecting a third wave, usually the strongest of the impulsive movement.
Looking for confirmation on the other indexes, i was confronted with a Dow and a Nasdaq that did not brake out a descending channel from the highs. Also Nikkei 225 appears to be resuming the down correction movement with tranquility...
I made an alternative count and covered my long positions for now, better a small profit then a loss. It's a 50/50 scenario and that gives me no comfort. Confirmation comes with those channels broken and with the highs being tested. If this more bear count comes to reality, we should be smelling SPX 960 in a blink of an eye. Sorry for the testament.

Best to your trading
PH

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SPX daily update (by PHneutral)

Hello friends.
In complement of my friend's work i will leave my view of the markets.

Fridays movement was an impulse up (and some correction) and that make me suspect that this market has a little bit more to go. We can't be correcting impulsing up, we just can´t. In my charts in try to justify this sentence in Friday's weakest of the indicies, the Nasdaq.

In resume I believe that we can go higher in direction of 1040/1050 on SPX and that we can be developing an extended blue wave 5. If we start correcting... oh well, a new count is always possible even against the probabilities. Can´t wait for Monday :)

Best to your trading.
PH

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