FX:GER30   DAX index of German listed shares
The DAX             has had a huge rally of 36.51% from the October low, 22.55% in 2015 and 11.46% from the ECB's announcment of euro             style QE . This is a huge rally that could enter some resistance with the start of the ECB's QE starting in March. next week the ECB meets on the 5th and could create a news reversal. IMO             this current rally since the ECB announced QE could be buy the rumor, when the ECB QE finally starts QE , the rally has already happened, all the buying is used up and a news reversal is created. A news spike up to 11435-11465 where price is clearly rejected would be a sign that the DAX             could be in for a pullback. However, would wait for a daily close after the ECB meeting on the 5th before taking any action in a short position, since the DAX             is only allowed to go up at the moment.
wave 3 of 3 could have completed today??? If this is so would think a small pullback then a final push up on 3 of 5 to finish W3 at 12000
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No visable/observed resistance, so I have not taken any short position in the Dax. Thinking the Dax will trade into 12000+
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Here is an alternate count for the DAX. EW is all speculation and is more of a possible road map. If this count is correct???? Then Friday's highs could be a short term high, where the DAX pullsback (10826 - 10588) into a W4 then finish W5 up into the spring. If the DAX continues with its steroids binge 11194 just might be it????? 12000 at the moment seems to be a target.
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If there is continued upside price action, could be a gind up? W3 2.618 of W1 = 11571 although 11580 could end W3? then 4 down with a W5 up???? All speculation though.
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Price looks to be finishing a w5 or 3 of 3??? However in a strong trend w5 can subdivide. If the dax blows out of it´s channel that could be the case. Not sure at the moment.
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elp elp
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Probably all bs? Another thought, if the dax rips up into 11600 to 12000 would look like a blow off top imo.
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Could trade back up to or near highs in the next few days? Not quite sure yet.
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