This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
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
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, 15 February 2015
Here is the expanding wedge pattern I was looking at for the Dax.Fridays candle was a doji but the overall weekly candle was bullish .Bears were not able to sustain the dip back below critical 10800 level
However the market is very overextended against the 200 dma,around 9700