SPX intraday update (Part 3)
Wednesday, March 25, 2009
My two cents :).
SPX intraday update (Part 2)
Possible count but i prefer new highs due this wave, since the highs, seems to me a triangle.
SPX and DAX intraday update (Part 1)
New highs in SPX and DAX, the ideal setup to finished this uptrend.
Read more...SPX daily update and big picture
We are living historical times and therefore we must take all the advantage we can from these moments. The actual uptrend have contributed to split up Elliotticians opinion about the following path. According to the majority, they believe we are already living an historical rally, but there are few of us that still consider we are heading towards new minimums.
In order to achieve a rich and fair debate, i let all these thoughts for your judgment.
Personally, although yesterday i pointed out the end of wave V, i prefer the new minimums approach. The motives are unequivocal when you see the chart Nº3. Despite all that, the actual probabilities support bull counts, for that reason the next wave development should enlighten us whether we reach new minimums or not.
In short term i think it's missing one last wave to finished this countertrend.
SPX intraday update (Part 1)
Tuesday, March 24, 2009
Choppy session where the wave (iv) of iii of v made a double zig zag and now the wave (v) is doing some kind of ending diagonal or wedge. I expect more choppynes due SPX will do the wave iv of v after close the wave iii of v (don't sure if already had finished).
SPX daily update
Still have some problems with my computer but i'm here to made the SPX update.
With those new highs during the morning, showed that the bull countertrend count was incomplete. So, since March SPX is in the Primary wave 2. My target for this wave will be between 38 and 50 % of Fibonacci retracement during, at least 6 months. However, this first minor wave can finished during this week, between the 84x's and 87x's, as you can see in the pictures.
SPX intraday update (Part 3)
Monday, March 23, 2009
If SPX made new highs this wave v can be expanded.
SPX intraday update (Part 2)
I count 5 waves since Friday's lows so SPX may had finished this wave. Enter short again with stop in the new highs.
Read more...DAX intraday update (Part 1)
I don't have any bullish count for DAX. My prefer count for it is the same: ending diagonal triangle. Any one can put a bull case for DAX? I appreciate that.
Read more...
Subscribe to:
Posts (Atom)
