DAX intraday update (Part 1)
Thursday, February 5, 2009


Two alternative counts of dax.


Two alternative counts of dax.

I expect serious selling for tomorrow. Let's see what happens :). Don't forget the possible H&S's that i showed last week.

Here's a difficult indice to count but i think that DAX is making same kind of a triangle or maybe an impulsive sub wave. In the chart i show the different options.

I think is missing one leg up to finish this uptrend.

I will try do this update tomorrow since this week i have alot work to do during the nigth. However, i think that SPX can raise a little more (maybe a test on 848 pivot), making a similar movement like the last wave ii.

Possible count for DAX. Harder to find but i think is correct.

I still have doubts if SPX is in sub wave i of iii (see the last cash count update) or is already in the sub wave ii of iii. However, i post the first option, since is the most conservative count.
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