Friday, 11 October 2013

Dax

for now I am going with the view that the Dax has made its move and is going higher,maybe to my 9000 target. I am aware of the bear views on the US (nothing has changed,its just short-covering etc) but I doubt the Dax rises alone so the big candles in the US indices are unlikely one day wonders
If  I am wrong and we take out Tuesdays low that will be an aggressive sell signal


2nd chart from Coolbizone



addendum,here is the chart posted by SoulJester in the comments section. Bulls need to see the renko chart turn up soon (same with my BPI chart in next post)


2 comments:

  1. http://scharts.co/1hH8lPc

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  2. thanks SJ,that looks pretty bearish....jeesh these markets aint easy !

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