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Monday, March 5, 2012

$SPX: Moment to se big picture,again?. Monthly,weekly and daily charts

Some days ago we posted about waves 4 and 5 of wave B to come in next days,weeks?. For those that not read our blog, we have relabel our count because, first we put in place wave B with 04.29.2011 high at 1,363.61 and that's why we stick to our first "clue line" at that level, but price went a bit more  high 03.01.2012 , up to 1,374.09 (daily EOD) and, that is very near to our 78.6% retracement (1,373.94) from 2007 high to 2009 low, so we will stick now to our new "clue line" in 1,373.94. This not means that wave 5 ( wave B) has to go, necessarily, up to that point,it means that can't pass that point.

Below, we are reposting our "big picture" of 90 years of price action and Elliot Wave (EW) count.

Sunday, February 12, 2012

$SPX: A little look to the "big picture". 90 years of price action.

The chart above, is a chart we posted some weeks ago and is from 1980 to date. There you can see our EW count and why we are, long term, bearish because, if we are right, now is developing Primary wave C (red) of cycle wave 2,down

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