Elliott Market Waves

Tuesday, May 26, 2009

I haven't words that describe this pattern :))).

My last SPX update is still valid so i expected another test at 87x's area and then maybe new upside with out new higher high.
Moreover everybody sees an H&S's but despite being also short on SPX i will be very careful and see the reaction at the 870x's area.

DAX daily update

Finally had time to count DAX and the patterns are messy. So i will be careful with my shorts cause this pattern is corrective and at same time i can see a possible inverted H&S's. To invalidate my count the 465x's points must be broken hardly. Maybe DAX will do another higher high when spx complete the wave ii of his downtrend.

DAX intraday update (Part 1)

Monday, May 25, 2009

This DAX movement (cash), since the highs (5060 points), looks like corrective (wedge) so maybe DAX can do another high to finished this uptrend.

SPX intraday update (Part 1)

Another day, another alternative count. These messy waves makes me crasy.

SPX daily update

The last hour on friday seems the beginning of wave iii of iii, but this wave had already waves interceptions, so maybe SPX can (try) test the 90x's (again). However SPX is in a downwtrend so any rebound should be seen as an opportunity to increase short positions.

Good Weekend

Saturday, May 23, 2009

Next week will be interesting :=) cause in my primary count the wave ii had finished today. So i will expected a gap down monday. During the weekend i will try do my charts.