FX:GER30   DAX index of German listed shares
352 2 4
On the May 2011 top, it took 13 weeks to prepare the dive.

Although the SP500             look ready for a potential dive, it is difficult to imagine the DAX             falling straight away.

A repeat of 2011 would give (it is rarely the same):
1) a few weeks close to the top.
2) 4 weeks down
3) some rally attempt from 10000.
4) a failure collapse in 13 weeks (that is beginning of April             )
With this candle at the top of the chart,we could see a pull back on the 10000 zone in february...just my view...
Reply
YaKa PRO maximus71
Yes - I think this is likely...

If we are lucky, the market climbs a bit monday/tuesday and that could be a great short.

I think the biotech is about to move down... The US real estate etf too (at the same level than 2007)
+1 Reply
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