SPX daily update
Tuesday, May 5, 2009
My last update is still valid and the Bull case count made yesterday is (also) still valid. Tomorrow is another day and maybe SPX will do wave iii of iii of C.
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SPX intraday update (Part 2)
No reason to enter short cause until now i only count an abc wave. Moreover DAX had successfully test the trend line.
SPX intraday update (Part 1)
SPX had completed this morning 5 waves since last friday lows. So the one million question is: SPX will have now a minor or a mayor correction?
EDIT: The last micro wave iv intercept already the micro i so the highs in short term are made.
SPX daily update
The last friday's session gave the first signal that something was not right in my last count. So, the new highs not suprise me. What's happens now? I give two different counts but truly these patterns are too confused to put (again) my hands on the fire.
The both counts have several problems but i will give the benefit of the doubt to the bulls. I will reenter short in the 95x's area.
SPX daily update
Monday, May 4, 2009
Only now i had time to watch the friday's session and, sincerely, i not like what i see. This happened because SPX made new lows and transform this possible down trend in another possible abc.
I need more data to understand better this pattern but i will covered my shorts if SPX do another higher high. Today i'm flat and i need to see a sustainable down trend to stay again bear.
SPX daily update
Friday, May 1, 2009
Until now i only see 5 waves (wave i ?) of this possible downtrend but i need more downside to confirm my count. However, SPX likely will do tomorrow the wave ii and the beginning of wave iii. This will be a perfect weekly close for monday the futures open in gap down. Don't forget "Sell in May and stay away".
Today i began early the weekend so until sunday this blog is all yours. Comment, exchange ideas/charts and enjoy the weekend :).
P.S. Thanks for all the visits and comments and click on "it" you know what's "it":))).
SPX intraday update (Part 2)
Don't change my last count but is hard to count this nano waves so maybe is missing one wave to new highs.
EDIT: Ups count not valid.
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