SPX intraday update (Part 2)
Thursday, January 29, 2009
Looks like a corrective wave and similar that i showed last night.
DAX daily update
I think in DAX we will see the wave iv during the morning of tomorrow.
SPX daily update
SPX may extend a little more this upside wave. The fall before the close seams more corrective and typical of wave iv. In this wave iv i made two possible counts but i prefer the abcde count because usually these kind of waves are more complex. Possible final target of this upside (wave ii) about 88x-89x points.
What a feeling...
These days my head fells like a washing machine...
but when the bulls play with triangles and corrective combinations can be caught!!!
SPX intraday update (Part 1)
Sometimes if you don't understand Elliott waves or they are too choopy is better follow the channel. Try to see the futures, cfd's and cash to have a better "image" of the markets.
Subscribe to:
Posts (Atom)
