DAX 3 hrs

Everybody starting to get bearish...am looking at 5500/5400 for support and possible LONG entry (if we get there)..alternatively selling 5750 may be the other trade to look for.  Looks like we are in a wave 5 down..so once finished could get a decent upward correction, or if really bullish a push to new highs..

DAX head n shoulders?

Looks like a H&S playing out..we have broken the neckline, now need some follow through target 5700..the daily chart shows a possible bullish scenario...

Gold weakness

Gold weaker today...WHY? Simply overbought so some profit taking...looking to buy it on weakness..especially if it gets to 1160 ish..

Target is still 1348 min..

AUDUSD longer term nearing support at 8570

A break below 8570 and targets will be the 200 dma and 100 dma around 8300

EURO L O N G T E R M

Monthly chart of EURO  are we heading for 1.14?  Which also coincides roughly with 61.8 % retracement of the rally from November 2000...


Then it may be the turn of the US dollar to collapse....

DAX 30 mins

Short term look at DAX..expecting volatile few days or even couple of weeks after Thursday's rout in US indices.  Circles show areas of congestion..price at moment looks like breaking out but needs to be confirmed.