SPX intraday update (Part 4)
Thursday, January 15, 2009

Maybe this first wave of this downtrend had finished.

Maybe this first wave of this downtrend had finished.

Looks like a triangle. Possible target 820 point.

I think maybe SPX (CFD's) has finished the wave v but in SPX (Cash) is still missing this wave. So, i don't have hurry to close my short positions . On the other hand, this sub wave v seems to me more an abc wave and also can be an irregular wave iv.
Nothing new to comment. I think tomorrow maybe this wave (sub wave v) will come an end . I will chanche my puts to calls on the 81x's or 82x's.
I think SPX still is in the sub iii of final V. Possible final target is 82x's.
I think we are on the sub wave iii of v. Let's look the thrailler :).
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