YaKa
Short

DAX Weekly Picture - My call: SHORT

FX:GER30   DAX index of German listed shares
249 6 3

Disclaimer:
Markets tend to go up - Acknowledged.
Here, participants widely expect a sovereign QE             out of europe.
10,200 is resistance but breaking that would open to 11,000/11,600.

At the end of any rally, you have many supports on the way down that end up being broken.
Here, my view is QE             in europe will not go down well (either wont happen or wont be well received).

Supports are:
9500
9110
8600
7235

My call: a large correction to 7200/7500 is in the brewer for the next few months.

Invalidation of that call: a close above 10300, which would keep me watching in amazement to 11,000
jangseohee
2 years ago
Well, you voice is heard :-)
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YaKa PRO jangseohee
2 years ago
well 30pts is scalping noise on the DAX.. but every little helps:)
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YaKa PRO jangseohee
2 years ago
300pts - now we talk:)
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Mickette YaKa
2 years ago
Yes ;-) http://www11.pic-upload.de/15.12.14/rwciccz33ifa.png
+1 Reply
jangseohee YaKa
2 years ago
lost 261 at close
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look4edge
2 years ago
agree with the chart, now testing weekly ema55, which should hold at weekly close in order to stay in uptrend, (if not, then previous break above 9400 was meaningless/fake/trap and uptrend is over) and eustxx holding 2960

add support at 8200 fib channel, this fib channel is significant, the top was also at fib parallel of this channel at 10075

if 8200 /8150 last ATH broken, then 6000 target as longterm support

snapshot
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