DAX daily update
Thursday, May 28, 2009
No reasons to change my count. I still expected new highs on DAX.
SPX intraday update (Part 3)
Wednesday, May 27, 2009
Not time to do any chart but i covered again my shorts due DAX and CAC made correctives patterns. So for SPX cash i think this wave ii will be made like abcde and in cfd's is doing wave b of ii. Maybe it's missing one last wave to do the 92x's.
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SPX intraday update (Part 1)
SPX cash is more bearish than SPX cfd's. So my primary count is that. First SPX may correct something and then go up to finished this wave ii. This last up side
is in agreement with the new highs on DAX. Will be the last breath of the bulls on short time frame?
SPX daily update
Not change my count but until the 925's i will increase my shorts again (covered my shorts at 880 and enter long until 905).
P.S. For DAX this chart is still valid
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEholwimTRKyJsjQoeO5CjBNlHLD9ED84u02GwDhQJ3jlQi06jw_TMaS76djvLLGPsVV5q0yuMgocOydGjocF3r0ciiB0gkL-kjUowgAmVb2jRZBmOovr8WSIaBL2ukoyf3q-NmvvHHoj1ml/s1600-h/dax.jpg
EDIT on 27/05/2009: Make more sense this count.
DAX intraday update (Part 1)
Tuesday, May 26, 2009
I haven't words that describe this pattern :))).
SPX daily update
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.
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