Current open positions

Not had any chance to post any analysis this past week nor am i likely to next week due to work commitments again but hopefully the week after that should be back to normal.

In terms of the indices count, i tend to agree with what most other EWT'ers are suggesting. The low from the 5th Feb and played out a ABC formation. So next week should take us back down. The alternative count being we're in a bigger wave 2 up.

All my orders i set last week triggered, so these are my current open short positions:

FTSE Year End: 5168 and 5221
FTSE June 10: 5035 and 5020
Dax June 10: 5820, 5535 and 5529
S&P June 10: 1116.38, 1091.2 and 1062
Dow Year End: 10249, 10076, 9837 and 9810

Am not looking to add any more positions now until we get some sort of clarity on the next count

Current Positions and Orders

Short on the following:

FTSE Year End = 5221 and 5168
FTSE June 10 = 5020
Dax June 10 = 5820 and 5535
S&P June 10 = 1116.38 and 1091.2
Dow Year End = 10249, 10076 and 9810

Short Orders on the following:

FTSE June 10 at 5035
Dax June 10 at 5529
S&P June 10 at 1062
Dow Year End at 9837

***Due to work commitments for the next 2 weeks, i wont be posting analysis/thoughts everyday but i will try depending on whether i get internet access while away***

FTSE Analysis

Current count - wave 2 of 3 of 1 of 1 of P3

As we're in a wave 3 down and i expect the next downturn to be even more fierce, im not expecting this bounce into tomorrow to last too long, just another opportunity to add short positions. Ive set orders again which ive written in the next post as to where from as i cant place them during the day/week due to work :-(

Short Orders

Placed:

FTSE June at 5049
Dax June at 5555
S&P June at 1062
Dow Year End at 9847

FTSE Analysis

Have had top re-label the count as it seems the wave 2 strength was weaker than expected after i changed my count. Shouldve stayed on my original count of only 38.2 retrace. This is why im not going long in P3, making a mistake, might as well stay with the trend and hold.

So wave 2, expanded flat up and the drop today can only be counted imho as a downward 3. Whether we have a extension or not im not sure so ive not labelled. From midnight yesterday i see 5 waves down which might have completed 3 of 3 of 1 of P3. So am looking to add shorts around the 38.2 retrace around 5170, also the 5180 area was big support, now turns into resistance, but will monitor this as i have a day off from work (yes!) :-)

Dax equivalent price is 5581, S&P 1078 and Dow 10117.

Short Orders triggered today.....

Dax June at 5535
FTSE June at 5020
Dow Year End at 9810

All other orders have now been cancelled

FTSE Analysis

The B wave down of Wave 2 hit the 38.2 area as posted yesterday and bounced. Preferred count now is C of 2 is underway towards 61.8% retrace of Wave 1. Alt count is c of B still to come which might take us to 50% and another wave 4 of lesser degree