astroobserver

DAX, Steep decline.

Short
astroobserver Updated   
XETR:DAX   DAX Index
I could bounce now or not. This is a experimental method.

Seeing what has happened in N. American incidences, Dec '18 , This Jag looks as if its just about to convulse in similar ways ( ? ) the good news, the N. Americans, while not out of hot water , have bounced.

The question is, does the Jag bounce or only snag at Solid Purple. Will It continue down to Thin Black channel. When, if ever does it revert to or past Dashed Grey trend. Solid Red all the way down there is a well rooted 'Abola. That is no Joke. Similar curves, when their quadratic was extended, pointed to the bounce level. Extension of 'abolas with closely spaced control point, is inaccurate. The actual proportions of the control point separation to the relative value of their quadratic extensions has not yet been quantified.

From the close up 3hr chart: ( linked )

This is the first time I have ventured into DAX . It is not behaving like the N. American markets. There IXIC, SPY , DJI have a similar profile and the Parabolic analyses, is coherent across the different Jags. The DAX is behaving distinctly. The FTSE has its is its own character as well. This decoupled character for the N.Am the FTSE and the DAX is consistent with the distinct national identities. These markets are related via the global scene, But visibly distinct.

I have to say that this method is experimental and as many other Price Jags I have studied, Dax has a unique character, measurable with parabolas as a unifying theme. However , its Deutsche alright.

All that Plus:

Solid red is not a hapy curve. Neither is Solid Green . The current decline is not comfortable. Dashed Grey is not rooted 'abola , it is a general trend. It looks like that is the direction DAX participants should want the market to go. That might be wishful.
Given the convergence of Solid Blue, Solid Green and Solid purple , I expect This Jag to bounce off Solid Purple and Oscillate across two thousand points. Similar to what happened in America. The the jag might converge advancing along the Thin Green channel .

Who know. Wait an see. These are my chronicle of financial perceptive with a curvy twist and a space freed mind .

Played right , a bounce is more profitable for traders, but scarier for executives .
Comment:
Thin Dashed Black has been tested. mid Feb '13 and 08 Feb '16.The Jag can bounce there. Both times February ? Otherwise Solid Purple is the big Horn . . . a long way down , seen from the present.

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