SPX intraday update (Part 2)
Friday, July 31, 2009
I don't like these corrective combinations but for now it's my primary count.
SPX intraday update (Part 1)
Choppy session sugesting SPX is doing some kind of triagle in cfd's and wedge in the cash (for me SPX is still doing the wave iv of v).
Read more...SPX daily update
Today SPX made part of wave v of i or a. I will expect one more higher high, for tomorrow (maybe until 1000-1005), and then the odds suggests the begining of wave ii or b until the 91x's-94x's.
DAX intraday update (Part 1)
Thursday, July 30, 2009
EDIT DAX's CHARTS (cash and cfd's):
Seems it's missing one last wave to finished this first wave "i" or "a". DAX cash needs another higher high so maybe only tomorrow this wave my end.
SPX Wednesday daily update
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Hi there. In the sequence of yesterdays talking, nothing changes thought. Markets were chopping around and no decisive movement was made.
If our count is correct we could have finished blue wave 4 today. A decisive movement is expected tomorrow.
Best to your trading.
PH
PS: Welcome back to your house my friend ;)
Back from Holiday Time
Wednesday, July 29, 2009
Hello my friends i'm back from my first holiday period. Amazing 9 days visiting the following towns in Croatia: Split, Brac, Vis, Trogir, Sibenik, Plitvice and Zagreb. I recommend you all a trip to Croatia.
There are no words to describe what i've seen however i leave some of my memories...
SPX daily update
Hello friends. Really hard time today counting those waves and extrapolating some conclusions.
Yesterday the ending diagonal was my favorite scenario. But after today I think this market has a little more to go. The reason (besides the impulsive movement i have talked yesterday) is price movement. It is common for both waves 2 and 4 to have approximately the same price movement.
With this count, blue and rose waves 2 and 4 have approximately the same price movement. If this is right we should go near 1000 points in conclusion of red wave 1. If not, we finished red 1 and we are retracing to 941 minimum.
PS: I'm out and only short if index tests 1000 points area. It's not really safe to take any positions at this time. Negative divergences don't let me take the long side and this count don't let me take the short one.
Best to your trading
PH
SPX monday daily update
Monday, July 27, 2009
Hello there. My favorite count puts blue 5 ending in near 1000 points, as you can see in one of the charts.
On the other side, I have some doubts looking at the 10 min chart. I can see some impulsive movement that I should not be able to see. For that reason, I made an alternative count that brings the extended blue wave 5 scenario to the table.
My favorite count still is the one of the ending diagonal, since i don't trust 10 min time frame for Elliot wave counting. I use it to confirm my count but that wont happened today.
Charts today are from 4 hour CFD's. My provider is having some problems with the cash ones.
Lets see how this thing plays out.
Best to your trading
PH
SPX daily update
Friday, July 24, 2009
Hi there. In this moment I'm on vacations ans I don't have the counting software with me so I won't leave a chart this time.
Still nothing changes, and we need to see the development of this blue wave 5. If there is another big push higher then we are in rose 3 of blue 5. If not and waves start overlapping again, then we must consider that rose 5 of blue 5 is in play and we are finishing red 1.
Best to your trading.
PH
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