That was fun! Dow closing in on 22300 target (Dax 10200)

There are benefits of not having huge positions on a day like today;

less stress
more choice
small positions means more flexibility for volatility

Dow looks to be closing in on 22300 target
see what happens tomorrow

DAX  10200?  Head and shoulders target
still stepping down to that target

Saturday is a full moon - from experience could be a wild day and a possible low point for the market - especially with a short trading week next.
Moon cycles and Stocks - a lot of research out there
or here
Having studied Zoology (and in particular ethology) I am amazed that people doubt the influence of the moon (and sun) on behaviour - after all many animals have behaviours dictated by moon cycles and they are the obvious observable behaviours (mating etc) - but possibly many more as well.  Humans are ANIMALS!

DAX different time frames. Full Moon tomorrow

After the DAX fell over 3 % yesterday, today SHOULD see some form of consolidation of the move down.  How it transpires will show if there is further weakness in the markets.  FULL MOON tomorrow

DAX 1 hour chart

On the chart are drawn black arrows (purely speculative) of how this correction could take place..

Targets around 6400 for DAX, before the rally continues.

DAX 3 hr chart


In this chart we can see that price is getting close to the top of the shaded rectangle, previous resistance, so a pause there should be in order.  A break below that would target the base of the rectangle.

DAX daily


The daily chart shows the NEGATIVE DIVERGENCE(price/RSI)  which translated into yesterday's fall.
Major support is now 6400, if this move is a correction it may take a few days/ week to get there.  
200 day ma support at 6274

DAX weekly

The DAX weekly shows the possible Elliott Wave count, and we can still be following either the red scenario, or the black arrow scenario.
Either way it is clear that the major support is at 6400 or just below

Beware full Moon! November 13th...

Full moon Thursday 13th Nov...

full moon has known effects on behaviour of lots of animals (include humans in that category!)

Could be we get the panic day soon..the way the market is behaving today...(wednesday 12th) no mercy for "buyers", will they capitulate soon? And at what level....

7200-7600 DOW....best case 5600 worst case..

Gold and oil also being pulled lower..where will OIL be in 3 -5 years? Will Asia (China, India etc etc) stop wanting cars? Will we all be on electric cars? OIL will be a buy soon, however psychology is ruling the markets - be careful short term...

OR...

Will the full moon initiate full blown lunacy ? A HUGE rally from these levels? Who knows ? Trade what you see...