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

Tuesday, 7 July 2015

The Dax broke the 3/8 retracement of the major range yesterday.I am still targetting 50% around15/16th July with the 5/8 line possible if there is more extreme selling

1 comment:

  1. from Sukimoto IF the DAX is coming down impulsively rather than correctively then EW reveals a potential leading contracting diagonal setup. Down for just one at likely intermediate degree. Expanded flat for intermediate 2 that retraced back to the 50% of the wave down.. There has just been one further wave down at probably minor degree that is wave 1 of 3 that is almost finished. If this count was playing out will watch whether or not price gets down to the 10651 area and then starts to retrace up as this would be a good fib point for that to occur.