DAX !!! Climax Mode - NOW

DAX index of German listed sharesFXCM

Description

⋅ Jan 8, 2015 3:41 PM

Everything that was expected for the last year might happen in the next 10days.

I think this time is different.

The preparation of this move took many months and that has allowed the speed limits to create some space.

I think 10572 in 10days... then we can pick our best shorts

Comments

jangseohee

⋅ Jan 9, 2015 1:48 PM

telegraph.co.uk/finance/economics/11334993/European-Central-Bank-could-pull-trigger-on-500bn-of-sovereign-QE.html

YaKa

⋅ Jan 9, 2015 1:53 PM

Thank you.
for the moment the price wants to go up..
The NFP was good.
The best paradigm for the market right now: good macro data in the us and bad one europe to support ecb qe.
I can only read what people expect versus what is done and the related price action...

jangseohee

⋅ Jan 9, 2015 1:54 PM

No more downside.. cho cho train going northeast!

YaKa

⋅ Jan 9, 2015 1:56 PM

that seems to be the case for the next 10/20 business days.
I hope it reaches 2140 quickly so we can see clear.

MagnusTradingGroup

⋅ Jan 8, 2015 4:16 PM

Nice chart. What do you mean by "preparation of this move" ?

YaKa

⋅ Jan 8, 2015 4:25 PM

preparation:
1 top in june ok
2 correction with break below support
3 pull back against support becoming resist.. too early so needs to go down again - ok
4 back up strong but too early versus draghi delayed qe...
5 correction for the last months whilst respecting key 9100..
6 wall of worry building - bear interest rising without decisive move and bang!: unwind of all shorts in a short period of time.

Leo.Ash

⋅ Jan 8, 2015 3:43 PM

As usual agree with the view as you know. In climax mode for me maybe 10.420 and then it is over ;) . In my charts i give 10.300 - 10350 to sell longs.