DAX intraday update (Part 2)
Monday, March 30, 2009
DAX in cash made already 5 waves down, so i expect some retrace in this values.
SPX intraday update (Part 1)
Need more data to understand this movement but i have some alternatives. Or SPX made a failed wave "e" and is already on mayor wave ii or is doing one ending diagonal. At this point i not sure which one is better count.
Good weekend
Saturday, March 28, 2009
Another choppy session that didn't brings nothing new to my Elliott count. So, i don't change my last update. Next week i expect a new high and then a good pullback. A great weeekend for all.
SPX intraday update (Part 2)
Friday, March 27, 2009
Not seems impulsive, just choppy choppy.
SPX intraday update (Part 1)
Possible inverted H&S's with target on 835, to close this mayor wave 1.
SPX daily update
Choppy session and truly don't expect that. To my last count still valid, tomorrow SPX must go gap up or start the session with strain to break the 820-840 area. As today, i don't see any impulsive waves, maybe this wave v of 1 can finished like an ending diagonal or some kind of wedge.
SPX daily update
Wednesday, March 25, 2009
SPX complete 5 waves and maybe this mayor wave "a" or "1" is complete. However the last half hour to close SPX make me think about one extention on the wave v of mayor "a" or "1". So far the market is very bullish so the odds are better on the bullish case. If we broke today highs maybe this uptrend close on 880-900 points. If this is already the mayor wave "b" or "2" i still think the 750 is the final target.
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