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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Sunday, 2 December 2012

Dax




The weekly swing chart has turned back up :


bears need to break last week's low and get back below the displaced MA



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2 comments:

  1. Anonymous2 December 2012 at 12:26

    DAX back at resistance yet again, and with bullish momentum on all time frames from the daily higher. Nevertheless, it's a great, "top of the range", short entry (with a close, well defined stop loss) for anyone who wants to fade a possible breakout and try and grab a swing trade short. I wouldn't be surprised by a breakout though . . . imagine the stops already in place just above . . . or maybe there's basically zero in terms of short stops just above as this article from ZH indicates for the SPX. http://www.zerohedge.com/news/2012-11-25/what-difference-year-makes

    ReplyDelete
  2. Chartrambler2 December 2012 at 13:15

    Hi HR,yep agreed

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