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Waterfall ahead ?


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#1 andr99

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Posted 10 August 2019 - 09:27 AM

I don' t think so. Below there's a picture of the dax

 

https://postimg.cc/w3qfwxcT

 

Usually if America drops, the dax follows. Now tell me, is the dax chart so bearish ? At most the dax might correct another 5% and the rising trend would be intact. So what's all that bearishness in the internet based on ?  


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#2 alexnewbee

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Posted 10 August 2019 - 10:45 AM

Don't you find it interesting that Dax is at June's lows while USA is close to ATH?
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#3 andr99

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Posted 10 August 2019 - 10:57 AM

alex...to me we're talking about an ST correction for both dax and spx. No more than that. My LT trend indicator for the dax is one light year far from flashing its usual top signal.

which to me means the dax will go a lot higher before the bull is over. And if bull is not over for the dax, why should it be for the spx, which leads BTW ?


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#4 andr99

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Posted 10 August 2019 - 11:09 AM

I read here a week ago a few posts calling a crash coming in America and Europe. The sense of my post about the dax was that it's a simple correction.....

 

 

As for the spx close to ATH while the dax has corrected a lot.....America is stronger. So go figure it out if America is going to drop with a rising dax that will have soon


Edited by andr99, 10 August 2019 - 11:13 AM.

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#5 andr99

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Posted 10 August 2019 - 11:28 AM

errata corrige (it's Latin......imperative.....second person singular...it means......correct the mistakes...........someone thinks it's English)

 

.......and if the bull is not over for the dax

.......a rising dax that we will have soon

 

I' m precise.....


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#6 alexnewbee

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Posted 10 August 2019 - 01:01 PM

The thing is, in the past, when DAX was showing so much weakness, it did not bode well for USA markets. Check 2018. I would be cautious here.

But of course, you might be right an I am wrong.
Also bond market does agree with you.

Edited by alexnewbee, 10 August 2019 - 01:02 PM.

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#7 AChartist

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Posted 11 August 2019 - 07:08 PM

This week is a sharp low in RUT weekly cycles I think it is 100 week, 3 33 weeks, might be way low can be some bounce after buy generally a few more long falling cycles for awhile yet.

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