SPX intraday update
Wednesday, April 8, 2009


This is my preferred count but i can't find equivalent count for SPX cash. So, now i'm neutral in short time. I need to see more strength of the bulls to validated this count.


This is my preferred count but i can't find equivalent count for SPX cash. So, now i'm neutral in short time. I need to see more strength of the bulls to validated this count.
I will try do some update tomorrow. I'm very busy with my work and tired due work all weekend. Regards for all :(.
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I have this two alterative counts for SPX. Currently, with the last session pattern, the odds support the begin of wave iii and i will give the benefit of the doubt to the bulls.
I tried to made a bull count for DAX and this is the result :P. However, i'm not married with this count due the wave i pattern. At the same time, the last week movement was more powerfull and may indicate that DAX is already on wave iii.
Hard day of work and didn't had time to follow the markets. This weekend i must work hard (again) but i will try do some updates. However, looking for today's pattern i expected new highs next week. This session just appears corrective.
This last movement on SPX and DAX seams corrective, so expected new marginal highs. Later i will try post the charts.
Read more...If SPX do another higher high my count must be re-avaliated and if pass the 850's maybe this is the wave 3 :(. I have my stops and i will used.
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For me is missing one wave. This is the continuation of last chart.
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