Saturday, 6 October 2012

Dax

This is the Dax future.We had a 6 day selloff from resistance and a 4 day rally,finding support on the 2x1 so far.Friday's candle looks like a spinning top.My guess is we completed a b wave and could see a c wave down next


On this chart there is a potential 3 "spikes" but no serious weakness yet.Bears need to break the channel support line,the previous peak support level ,and the 25 dma





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