SPX intraday update (Part 2)
Monday, August 10, 2009
Some trend lines and resistence/support areas to control.
SPX intraday update (Part 1)
At short time the waves still messy and for now i will count this downside as abc correction.
SPX daily update (by PHneutral)
Hello friends.
In complement of my friend's work i will leave my view of the markets.
Fridays movement was an impulse up (and some correction) and that make me suspect that this market has a little bit more to go. We can't be correcting impulsing up, we just can´t. In my charts in try to justify this sentence in Friday's weakest of the indicies, the Nasdaq.
In resume I believe that we can go higher in direction of 1040/1050 on SPX and that we can be developing an extended blue wave 5. If we start correcting... oh well, a new count is always possible even against the probabilities. Can´t wait for Monday :)
Best to your trading.
PH
SPX daily update
This weekend didn't have time to do what i propose but i what to show some different counts for possible discussion in the comments. For now i prefer the options 3 and 4.
Good Weekend
Saturday, August 8, 2009
These waves make me crasy but for now i need some rest. During the weekend i will show some alternative counts of my last update.
SPX intraday update (Part 1)
Maybe we are at new wave. Bears must be cautions :(((.
P.S. For DAX the weding wedge is the wave B black.
DAX intraday update (Part 1)
Hard label these counts on DAX but for now this is my primary count.
P.S. Some problems with Twitter but you can follow me at: http://twitter.com/Filipe_Miguel (not change positions since August 3).
SPX daily update
The bullish wedge wasn't valid and for now my best count, shows like yesterday, one corrective movement. For now the odds suggest one double or triple zig zag.
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