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Monday, March 29, 2010

Monday evening update

After watching the indexes putting people to sleep today, the Dollar did make an important move, breaking below support and closing underneath it. Very possible that we now have a full five waves up completed, and it is now time for a correction for a 2nd wave. The indicators are in over-bought territory, and have rolled over to sell. I am still not very satisfied on the 3rd wave up, it does not possess the characteristics of a classic 3rd with a strong iii of 3, or a point of recognition, so I have been keeping that 1-2, 1-2 up count on the radar.
The After the bell update for the SPX is down below!!!

2 comments:

  1. Maybe wave 5 will be extended?

    ReplyDelete
  2. good analise

    My blog:

    www.mercadosbull.blogspot.com

    ReplyDelete