down 1.5 % then up 1.5% then down again

What does it means ? It smells of an important top................maybe the march rally top. They don' t want the mass to understand anything when market is at an important turning point.

It smells of an important top

No...it's a strong uptrend where we have various air pockets to keep those on the fence from committing, and to keep those bearish frustrated.

Historically, this is very normal trending behavior.

Fib

It smells of an important top

No...it's a strong uptrend where we have various air pockets to keep those on the fence from committing, and to keep those bearish frustrated.

Historically, this is very normal trending behavior.

Fib

I am a bit skeptic about that. One of my preferred indicators is the dax index. It is more or less in synch with american indexes so that I prefer looking at it to know what 's ahead. My dax picture is 5550 at the end of this month, a bounce to 5800 by mid-late febraury, then the bottom at 5000 in march. My thought.........not necessarily what will happen...............I don' t like anyway the actual dax pattern

One of my preferred indicators is the dax index.

Although the DAX correlates well with the NDX because of its make up, without the internal numbers, it would be hard for me to comment on its forecasting merit towards the American markets. However, the European markets do tend to follow the lead of those in the US, so I would be interested in anything you might be able to provide substantively to the contrary.

Just for the record, the NDX generated another SAR buy signal today, so I would expect the DAX to follow in a couple of days.

Fib

One of my preferred indicators is the dax index.

Although the DAX correlates well with the NDX because of its make up, without the internal numbers, it would be hard for me to comment on its forecasting merit towards the American markets. However, the European markets do tend to follow the lead of those in the US, so I would be interested in anything you might be able to provide substantively to the contrary.

Just for the record, the NDX generated another SAR buy signal today, so I would expect the DAX to follow in a couple of days.

Fib

fib , if the dax correlates to the nasdaq .............you can study the one of the twos you like more as the other will do the same. It doesn' t matter who leads and who follows. I know who is the leader, but often the dax is more sincere with regards to its pattern. That's why I entered short on 12/30/2007...........the dax pattern told me that. Go to look at where it was and where it went. Which doesn' t mean I am right again............the dax pattern is suspicious to me anyway.

http://stockcharts.com/c-sc/sc?s=$DAX&p=D&b=4&g=0&i=p53765534191&a=171255675&r=5836.png

http://stockcharts.com/c-sc/sc?s=$DAX&p=W&b=4&g=0&i=p52149582704&a=171256570&r=516.png

lib

http://stockcharts.com/c-sc/sc?s=$NDX&p=W&b=5&g=0&i=p59142056204&a=175612584&r=7712.png