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, 26 April 2015

maybe the Dax can still push to that 12500 level ?


  1. comment from a waver friend,sukimoto

    Looks to me the ABC for 4 is an expanded flat and if so would need to come below the low of wave A. If you do the Fibonacci extension of Wave A and apply it to wave C it looks like it has already gone beyond the 1.618 extension. Therefore completion of wave C of 4 likely to be where C=2.618A.
    That of course if it is an expanded flat - but it looks like one.
    Expanded flats are very difficult to get a decent correction channel for. Best channelling method I have found for it is to place trendline on top of the wave 3 high and then on the high of the wave 4 of C. Take a copy of this trendline and place it on the bottom of wave A of 4. The completion of wave 5 of C of 4 often will come to rest on the lower trendline. Doesn't always work and you need the wave 4 of C of 4 to be able to apply it. But you have that wave 4 here so you could use it. Also use the C = 2.618 extension with this channelling technique and you potentially have quite a precise price/time relationship for the completion of wave 5 of C of 4.

  2. comment from a harmonics guy,Richard

    DAX, I still see a 'Crown Top', initial target is your iii...