SPX daily update
Tuesday, May 12, 2009
Too choppy to consider this fall as an impulsive wave and the beginning of a new downtrend. SPX is on wave iv and possible will do an abc or a triangle.
SPX intraday update (part 3)
Some triangle (wave iv) or an ending diagonal/wedge in this possible wave v.
SPX intraday update (Part 2)
Triangle in play (as you know triangles are hard to count). Don't see any reason to enter short. For me this is still a corrective wave.
SPX intraday update (Part 1)
An alternative count due maybe SPX still in wave iv (some triangle).
SPX daily update
Hope the weekend was good for all of you. For now this seems to be the best count for SPX. Possible test to MA 200 will be the next and final (?) target of this uptrend.
Do you remember this chart?
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbgy7mMt-rzOhr8MvyuYwj_j_DxpA70Cq8evuYckN9JCe_V-gJV4MhTTmXcPuOMpMH7MykKfhg7QkiGC6lv3M69Az-OrsvyAWsE761prD1b8XNsVzZ7ahn32TPOVPyJjb-UrOhV6Qlb8uj/s1600-h/spx_bull.jpg
Good weekend
Saturday, May 9, 2009
I wish all the supporters of my husband a great weekend. I do not understand, neither want understand these waves, but wish good luck to all. Enjoy the weekend and today I chose the music!! He promise to make the updates during this weekend...but now is time to rest and...
SPX intrady update (Part 1)
Friday, May 8, 2009
Choppy day and possible triangle on SPX.
SPX daily update
This is my count (for the both sides). As i told, for the bulls was a great opportunity to enter long and for the bears (like me) was a great day :)). This pattern does not guarantee anything so the bears must be caution. It's need some king of confirmation like broken trend line, daily lower low, MA's broken, etc.
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