This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
Sunday, 2 December 2012
Dax
The weekly swing chart has turned back up :
bears need to break last week's low and get back below the displaced MA
DAX back at resistance yet again, and with bullish momentum on all time frames from the daily higher. Nevertheless, it's a great, "top of the range", short entry (with a close, well defined stop loss) for anyone who wants to fade a possible breakout and try and grab a swing trade short. I wouldn't be surprised by a breakout though . . . imagine the stops already in place just above . . . or maybe there's basically zero in terms of short stops just above as this article from ZH indicates for the SPX. http://www.zerohedge.com/news/2012-11-25/what-difference-year-makes
DAX back at resistance yet again, and with bullish momentum on all time frames from the daily higher. Nevertheless, it's a great, "top of the range", short entry (with a close, well defined stop loss) for anyone who wants to fade a possible breakout and try and grab a swing trade short. I wouldn't be surprised by a breakout though . . . imagine the stops already in place just above . . . or maybe there's basically zero in terms of short stops just above as this article from ZH indicates for the SPX. http://www.zerohedge.com/news/2012-11-25/what-difference-year-makes
ReplyDeleteHi HR,yep agreed
ReplyDelete