ogm called it right

I looked at the same analogy he looked at before he wrote about it here but I didn' t write anything here as I know most are skeptical about analogies. Now looking at Europe, its resistances etc.etc. it's very clear the whipshaw is the right pattern to look at imo. Last stages of a hard bubbled fake bull market imo (fake because based on steroids). Looking at the dax I' m waiting for the repetition of its pattern from 02/16/2011 to 07/26/2011...................which is called distribution and will take months to complete itself

Edited by andr99, 23 April 2013 - 10:43 AM.

DAX has been looking terrible and it is now stalled = have to see what else the EU pulls out of the hat.

DAX has been looking terrible and it is now stalled = have to see what else the EU pulls out of the hat.

interest rates cut in their meeting scheduled on the 2nd of May...........rumours say here. But it's a long time away and the bounce has not long legs looking forwards in my opinion. Possibly this week the high for the bounce is in and then sideways wasting of time till the meeting ? I' m trying to get the exact point for a short entry that I will keep for a couple of months.......stocks obiously

Edited by andr99, 23 April 2013 - 03:12 PM.