Technical analysis of Major Markets, F/X, and anything that can be traded This is my diary for trading Views expressed in this are only for educational purposes. They ARE NOT recommendations to BUY or SELL anything!! ALL comments and criticisms welcome.
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Look back over the past, with its changing empires that rose and fell, and you can foresee the future too.
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Thursday, October 30, 2008
DAX time for a correction?
DAX has rallied 25 % off the low at 4000, too much too soon? On shorter term charts also showing a wedge formation (usually bearish), once we break below we should see a correction of this rally - if not new market lows...ALso volume has been falling on the rally...maybe a throwover of top line then - fall..
As I said in previous posts..we need to build a base for a longer term sustainable rally..
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