Dax

This is an update of the chart posted on the 20th Dec and is good evidence of how powerful using a few simple Gann forecasting tools can be ! The high came in a few days late from the yearly cycles forecast although using the July low and a 6 month time cycle was almost perfect.Forecasting and trading are not the same thing and should not be confused.I am told most successful traders do not try to pick tops.However,a Gann roadmap is a useful tool,so long as it remains only a roadmap and not an object of faith.Ultimately,as in this case price action needs to confirm the forecast before action can be taken.
Looking at price action alone as most technical analysts do,would have made you bullish on Dec 20,which is why Gann and other systems that throw time into the equation can put you one step ahead of the crowd (in my view).....