DAX daily update
Thursday, August 27, 2009
DAX is also doing a wave iv (see my last SPX update), so i expect new highs to finished this wave since the 5165 points.
SPX daily update
After this session the waves were more clear and suggest SPX is doing wave iv since monday. So i expect at least one more high to finished this wave i of C (conservative count) or C of Z of P2 (Infernal count).
SPX intraday update (Part 1)
Wednesday, August 26, 2009
Another alternative count, SPX made a triangle and finished wave iv this morning.
Why are we smacking our heads?
The Nasdaq100, for many people one of the leaders of the markets, has serious resistance on 1630 area. In the weekly chart you can see how many times that value was a key value in the past.
Lets take a closer look:
For me, this is good news ;). We beat the resistance and is now acting as support.
Best to your trading
PH
Dow and Nas100 Daily update
I think those markets will make new highs tomorrow or Thursday. Closing long positions there, may be a good strategy. After that, at least a little correction is expected. P2 could be ending too, so be careful.
Best to your trading
PH
Transportation update
Tuesday, August 25, 2009
Just a little update of the transportation friends.
Best to your trading
PH
SPX daily update
Change a little my primary count but after this wave iv again i expect new highs.
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