Elliott Market Waves

SPX daily update

Tuesday, December 22, 2009

Today i decided to extend a little bit more these bearish wedge, however the final target it's the same. As these last waves are to choppy, I will control both trend lines. Despite this, I think after the new year the bear will arrive again.

P.S. Until the new year I will be on holidays, but, don't worry, I will keep the blog alive.

EUR/USD UPDATE

Sunday, December 20, 2009

Not much to add since last update.

The trend is down, if my count is correct we still have much to go in the down side

Good Luck

Good Weekend

Saturday, December 19, 2009

Appear this year the bulls will don't have "presents for Christmas" and maybe will be the "last Christmas" to "them" for long time. Despite this, is time to celebrate and wait for the big bear!!

If these last weeks were choppy and boring, for the next I expect the same pattern action until the new highs. Good weekend for all!

SPX daily update

Friday, December 18, 2009

Since middle of November SPX is doing zig zag after zig zag and a possible bearish wedge or ending diagonal is underway.

Despite all alternative counts (we can made with these formations some diferent counts and today I decide to show 2 of them) the mayor pattern is underway and the top, for the big picture, may will be between 1030-1050 points.
Mayor conclusion: For me SPX didn't already made any top. It's close but is missing some points (and for me some pacience).

EUR/USD daily Update

Thursday, December 17, 2009

My 1º option seems to be in play. For now this is what i expect.

Good luck

Wednesday, December 16, 2009

SPX is close to end an impulsive wave. So if this happen wave (ii) or b already began.

SPX daily update

Nothing new to add. It's possible this correction already finished but I prefer some king of double zig zag and one test at 1101 (50 % Fibonacci retracement since 1085).