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 bullish scenario new the bearish scenario a wave 2 up which could challenge the highs but not break them..

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