SPX daily update
Wednesday, April 29, 2009
SPX will made new highs tomorrow? What you think about it? Comment and later i will make my EW's count (it's in my mind and for now it's top secret :))))
Read more...SPX will made new highs tomorrow? What you think about it? Comment and later i will make my EW's count (it's in my mind and for now it's top secret :))))
Read more...
The odds suggest new highs on DAX cause appears it's missing one wave to finished this pattern.

Today i was inspired and i put some nice pictures on it. About waves...what i can say? Double zig zag?!?! So, i expected one (and last) wave up to finished this wave (Possible E (with residual higher high) or wave ii of A of B).

I simply hate this waves :((((. Today spx made a perfect test on the trend line and i continue to expect (again) new highs .
Only now I'm leave of work (midnight in Portugal) so i can't do my updates however my last update is still valid. The patterns are very messy to think that we began the principal wave B. Control the trend line and risk manegement is very important. I'm out with this chopy chopy waves .((
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My old count is still valid so i change again may principal count and expect new high on sxp to finished this principal wave C. In these days is better control the trend line due i only see abc's and possible correctives waves. This last movement appears to be an abcde wave but the count of this morning is still valid. Messy patterns so i covered my shorts and i will waiting to see what happens.

Alternative count for DAX (and spx) on short term.

For now this is my principal count for DAX.

As i told yesterday, it seams SPX completed an abc (with c=a) and 5 waves since last week lows. So i change my principal count.
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