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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


Sunday, 30 December 2012

Dax major ranges

The major ranges on this long term chart average around 1800.The current range is 1781,compared to 1778,the last major range in the previous bull market (2007) . Dec 27 was a 5 year cycle from the high,so the stars are aligned for a decent reversal,possible major top though it would be safer to wait for a decent weekly reversal candle for confirmation. The Dax is showing strength relative to US markets and seems more likely to be lagging than leading.




1 comment:

  1. "The Dax is showing strength relative to US markets and seems more likely to be lagging than leading."

    I agree with that assessment.

    ReplyDelete