.

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
.


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

Saturday, 4 January 2014

Dax

We saw a sharp fall this week and interesting it was in line with the 6 year cycle chart I posted a few days ago.We have channel overthrow and are too far extended from the 200 dma but I suspect some choppy trading before the final (3rd ? ) top
Also interesting on this chart how good a support the 200 dma has been




Posted by at

2 comments:

  1. Trading Sunset5 January 2014 at 01:42

    hey CR.

    Wouldn't you think Mr Market wants to kick the DAX to the big 10K as part of this giant wave from Oct'2011?

    Monthly charts will be offering 10k by late spring.
    --

    ReplyDelete
  2. Chartrambler5 January 2014 at 16:27

    Yes I have had that in the back of my mind,especially when I look at Murrey Math. Its hard to believe it wont at least want to tag 2x the 4962 low but I think we could have a small plunge first

    ReplyDelete

Subscribe to: Post Comments (Atom)