Geert2000
Short

DAX : Its time for a short

FX:GER30   The DAX Index
787 6 7
2009 Fork
Hit the median line ,going for the final correction --- target 8000----
I really like this chart, it's very similar to my own. The funny thing is that once DAX reaches point C it will either break thru or make a last bounce that will probably end at the median, touching it from below but slightly lower that our current max. That would correspond to the typical behavior I have been observing on its lower TF:s, according to the fibs. Then we will leave this channel for good and most definately head back to retest the 8 k:s. In any case - this channel is doomed.
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Question: would it be invalid to draw a new uptrend fork between points 4, 5 and A?
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Geert2000 mr.dmizer
I should draw a fork from 5 - A - B
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Cool. Target C it is then!
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delet chart
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Geert2000 mesagne70
delet(e)
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