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[andr99]

a while ago, I wrote the dax seemed to be in the type of 2007-2011 pattern. Today it's up to confirm such scenario imo. I expected it to start rising to 12300-12400 and maybe it is on its way to get there. The alarm bell is ringing though...because this in my opinion is distribution and although it is usually a long process, looking at 2007-2011 we are advancing fastly in the pattern. The pattern is easier to notice in the weekly time frame, imo. To complete it needs a first re-visitation to 12300-12400, then a short living correction followed by another attempt at 12300-12400 and finally.....the long awaited drop And if the spx is weak and probably it will keep staying inside its 2030-2140 trading range.....the american index to watch to understand where we actually are is the nasdaq besides the nasdaq100, imo. They are getting to their final targets

Edited by andr99, 05 August 2015 - 10:42 AM.