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

— Marcus Aurelius


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Thursday, March 8, 2012

DAX following corrective path

Well the DAX has recovered..
Now is it corrective with another leg down?  Or will we challenge the highs at 7000?

This DAX chart shows the projected correction of the move down
and below the current updated chart..

SO FAR it has followed the black arrows almost perfectly..
resistance looks to be around 6830 (good STOP area if shorting)

DAX 1 hour

Quick look at the FTSE 30 mins chart which also shows the rally has touched resistance at 5870..
may provide clues to overall market if we turn down again here

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