Wednesday, January 14, 2009

More DAX

shorter time frame chart...

self explanatory (more or less)..anyway ties in with 3500 target mentioned in previous post.

posted on
Looks like we have broken wedge pattern so theoretical downside target 3510..obviously NOT in a straight if not already short I personally would wait for next rally, unless you can play the momentum (more risky) and short it here (maybe drill down to smaller time frame and see resistance support levels for stops and intermediate targets. Quite often we get a retest of the wedge...but that would be a longer term move..

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