FIGANNELL TRADER

Aug 2, 2010

SP 500

I calculated new price target for SPX cash index. That 1149 target responds to 90 degree Gann angle. 1010,91 is taken as low point. The calculation is based on my Square of Nine calculator. We need to overcome 1131.23 first, where the 45 degree is. I think it won't be a problem for the bulls.

Jul 27, 2010

DAX - 6352-Down behind my shoulder

Wikipedia

In my last update about DAX I was expecting "expanded flat". The "flat occurred, but the"running"one-A,B,C. It's not a secret that I am deadly bullish on daily to weekly base about some EU indexes including DAX, but expected little different pattern (expanded flat).
As usual the market loves to make us look stupid- often. I still support my bullish bias, due to the strong daily and weekly signals. There is not much text to add to the current count. I reckon on small and brief pull back next one-two days to get the "long" path again.

Good luck!

Jul 25, 2010

SP500 - 1130 is obvious

The bullish tune last week wasn't surprise at all. Sometimes trading is easy, such as it was last week. This week shouldn't be surprising either. Fridays session produced strong buy weekly candle.

Next target will be the 1131 resistance where the price is going to make very important decision about the path for the next few months: to resume the long term trend or to fall into down swing. If we break 1131.23 could pick up the 1148 high, where the left shoulder's resistance is.

According to the current count the "C" leg or 3th wave is still missing.

Good luck!

Jul 24, 2010

EUROPEAN MARKET

Just wanted to share with you my observations about few EU indexes.

Jul 23, 2010

AEX - Elliott Wave Update

The European (Dutch) market looks bullish as well as the US one. As early as this week we'll see how strong the new rally really is. Friday performance already showed us that it doesn't seem to be the optimum. It retraced normally (healthy) at 61.8% Fibo, and as you see we are up again.