FX:GER30   DAX index of German listed shares
132 4 3
2008 fork.Median line starts @ 2003             low

2008 -2009 projected in 2015-2016 (on chart)

IF the 2011 trendline (grey line) holds the 1st downwave ,this could be a buy for 11k end this year Jan 2016.

2nd big wave down in 2016.
Nice chart!
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Hi. Nice analysis. I have posted a similar analysis based on Elliott and Fibonacci. I still have some long DAX lots that I have been waiting to dump once the B-wave peaks.
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Geert2000 PRO AntoninoRomano37
a year ago
I am looking to go long,in my opinion we can hit 8500 first.
Reply
It is a possiblity. The 8500 would be between 50% and 61.8% retracement of the last impulse and it is a strong support (MAX of 2000 and 2007). I would definetely go long at 8500. The point is whether we will reach this level by the end of the year or in 2016,maybe in the third quarter.
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