SPX intrady update (Part 1)
Friday, May 8, 2009
Choppy day and possible triangle on SPX.
SPX daily update
This is my count (for the both sides). As i told, for the bulls was a great opportunity to enter long and for the bears (like me) was a great day :)). This pattern does not guarantee anything so the bears must be caution. It's need some king of confirmation like broken trend line, daily lower low, MA's broken, etc.
SPX intraday update (Parte 2)
Thursday, May 7, 2009
Looks like SPX made an extended wave v.
Read more...SPX intraday update (Part 1)
As expected SPX made a pull back with an impulsive wave. And now? This depends what you belive :). Bear or bull count? I don't have yet confirmation which one is more valid.
SPX daily update
Wednesday, May 6, 2009
Today SPX almost finished or already finished 5 small waves. If you believe on the bear count means SPX had made (or close it) the top on short term. However, if you believe more on the bull count you can increase the longs during the next retracement (stop at the lows of the day). I will try respect the trend line cause i'm flat with the two different options. I think untill this weekend i will have more certainty what's is the better count cause we may have an sell off or a short squezze. What you think about it? Please vote on my new inquiry! Let's see what happens!
SPX intraday update (Part 3)
In my opinion this waves are very small for one possible wave iii. Moreover i see alot indecision on the markest. So i have one alternative (bear) count :))).
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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