Quotes

Look back over the past, with its changing empires that rose and fell, and you can foresee the future too.

— Marcus Aurelius

Followers

Search This Blog

Friday, November 27, 2009

DAX wedgie

Today the Dax has broken that wedge again..2nd time in 2 months..a sign that the trend is weakening even if we don't stay below it.  May just be the long awaited correction of the rally since March *bullish scenario) or the start of a new down leg (the bearish scenario).  A 10% correction probably would be healthy.


Once this leg down finished , probably right to get long..in bullish scenario new highs..in the bearish scenario a wave 2 up which could challenge the highs but not break them..

No comments:

Post a Comment

Total Pageviews