dax

Please pay attention to the dax. If you connect all the lows since march it' s now on support. A break down on monday would signal the game is over. Which doesn' t mean a fast and furious drop imminent, but just that the toy is broken. In other words we could be in a large topping process with no new high at the horizon for the whole 2010 and beyond. The dax could be drawing the right part of a head and shoulder pattern which is a symmetrical figure .........................when textbook. I would bet on the dax' s break down on monday and a low in the last ten days of january. On the contrary if the support holds............but I don' t think so................the magic hands haven' t yet finished their distribution and getting short as well

Please pay attention to the dax. If you connect all the lows since march it' s now on support. A break down on monday would signal the game is over. Which doesn' t mean a fast and furious drop imminent, but just that the toy is broken. In other words we could be in a large topping process with no new high at the horizon for the whole 2010 and beyond. The dax could be drawing the right part of a head and shoulder pattern which is a symmetrical figure .........................when textbook. I would bet on the dax' s break down on monday and a low in the last ten days of january. On the contrary if the support holds............but I don' t think so................the magic hands haven' t yet finished their distribution and getting short as well

If you refer to the support line coming from March Lows and November lows, that one is broken (today). The low is stiitng very close to the suport line from july to november lows. I am talking about DAX cash on a log scale.
Chart
http://screencast.com/t/NDc5MjUyZDY

German banks are in much worse shape than US banks, this is why we can still drop quite fast.

Edited by arbman, 15 January 2010 - 11:58 AM.

Please pay attention to the dax. If you connect all the lows since march it' s now on support. A break down on monday would signal the game is over. Which doesn' t mean a fast and furious drop imminent, but just that the toy is broken. In other words we could be in a large topping process with no new high at the horizon for the whole 2010 and beyond. The dax could be drawing the right part of a head and shoulder pattern which is a symmetrical figure .........................when textbook. I would bet on the dax' s break down on monday and a low in the last ten days of january. On the contrary if the support holds............but I don' t think so................the magic hands haven' t yet finished their distribution and getting short as well

Here is what I got from the last swing low in July and I have three fan lines that are broken.

http://stockcharts.c...p...6&listNum=2

GS.