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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

Wednesday, 4 September 2013

Dax






looks like it is losing the 4x1 weekly angle. Could we see a flash crash to around 7200 ? (50% retracement area and 2x1 support. )  Not a prediction:-) The 10 week wtd moving average should be good resistance now

Last week's candle was very bearish,engulfing so many weeks.The final rally was 7 weeks,which is also interesting (Gann's deathzone cycle)


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1 comment:

  1. MP4 September 2013 at 14:06

    http://tfaat.blogspot.ca/2013/09/are-we-there-yet.html

    Here is to support your theory on a move down...

    ReplyDelete

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