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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

Saturday, 11 August 2012

Attempt at a wave count for the dax

My wave counts should not be taken too seriously.It is "fun" for me and I am not an expert ! feedback welcome

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2 comments:

  1. Trading Sunset11 August 2012 at 21:45

    Dax to lose 25/30% by late year? Hmm, that'd equate to sp'1200 at least, possibly the 1150/70 zone I was originally seeking.

    Q. Chartrambler, any thoughts on when you think the bernanke might do Qe3

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    If you're wrong, who do I send the invoice too?

    I take payment in $, gold or coal.

    ReplyDelete
  2. Chartrambler12 August 2012 at 03:04

    Hi PD.No not really.I would guess it might be triggered by a big enough decline in the market but your guess is good as mine.I have been surprised at the Fed's apparent willingness to juice it at such high levels (people talking about repos)

    ReplyDelete

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