SPX intraday update (Part 2)
Tuesday, March 3, 2009
My two cent for SPX. We need strong evidences that the wave III is over but we don't have these evidences. I believe a strong start for the wave IV, so keep eyes open.
SPX intraday update (Part 1)
Maybe this wave v of III is not yet finished and for now this is my prefer count.
DAX intraday update (Part 1)
Last day i see alot overlap waves so i prefer to close my shorts. Today with this poor gap up i think the sub wave v of the III of V maybe is not finished. For now my prefer count is the middle.
Blog news
Monday, March 2, 2009
Close my shorts of DAX and SPX due the session is very flat to me.
Read more...
DAX daily update
I think DAX has more potential to fall than spx. The wave iii still lower than wave i and i expect that this downtrend will accelerate tomorrow. As i sayed last week i will expected the 3500-3600 points.
SPX daily update
As we are near of the end of this downtrend is better have an open mind and stops due the principal wave iv of V maybe start aggressively. I give a big picture and two alternative counts which shows that this sub wave iii of V may will finished near of 700'ish (conservative count) or below that (agressive count). Personaly i will follow the conservative count.
Good weekend
Saturday, February 28, 2009
Great week for the bears but now it's time to have same rest and relax. Keep an open mind and stay short. During the weekend i will update my charts.
Subscribe to:
Posts (Atom)
