Monday, March 26, 2012

Where are we part 2

Continuing from the previous post, "Where are we?" the markets have rallied after falling last week.

So is this the push to new highs?   Or a small push higher, and then a bigger fall? (In Elliott wave terms , the fall last week could be an "a", the rally today the start of a "b" wave and  if we get a new decline a "c" wave, which would form a larger 4th wave..
look at the 1 hour DAX chart

and the Daily chart shows the BIGGER picture

ONLY time will tell!!

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