SPX and DAX intraday update (Part 1)
Friday, February 27, 2009

"It's a bird? It's a plane? Ohhhh no its a super bullfighter!"
"Yes baby, it's time to give you some spits."

"It's a bird? It's a plane? Ohhhh no its a super bullfighter!"
"Yes baby, it's time to give you some spits."

Finally the wave iv ended :). It would be nice see VIX above the MA50 to have some panic in the markets. No panic no capitulation.
Possible targets for end this wave v of iii of v:
SPX - 700-720 points
DAX - 3500-3600 points

New count to DAX (draft). I still wait for a new sell off.

One alternative count for DAX. Wave iv and triangle looks good for me.

No changes in my count. I think this wave iv is finished today.
I think DAX is already on sub v f iii. So, i don't expect new highs in DAX and SPX. We must go down without mercy :))).

Dax already confirm that we are on wave v of iii of v.


As SPX and DAX had new lows during this week, i think that we must down again to close this wave iii of V.
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