FX:GER30   DAX index of German listed shares
What do you think?
mamqua PRO
10 months ago
i think that is missing a black line that should joint the 2 max and the min at level 0.618.Is the backup if upper trend line will be broken
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peter.kralmail
10 months ago
If you look on actual top of this structure, you will see forming head & shoulders formation.
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mrLOBSTER peter.kralmail
10 months ago
This was interesting also. Watched it yesterday:

Michael Maloney explains what is happening in the equity markets using a chart created from the Fed's own data.

https://www.youtube.com/watch?v=QT1suJ9cYI8
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Fanatik_
10 months ago
I love your fib and gann usage (:
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mrLOBSTER
10 months ago
The Baltic Dry Index (BDI) is an economic indicator issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index provides "an assessment of the price of moving the major raw materials by sea. Taking in 23 shipping routes measured on a timecharter basis, the index covers Handysize, Supramax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain.".
-Wikipedia. .

http://www.bloomberg.com/quote/BDIY:IND

Not much of an traffic there: https://www.marinetraffic.com/
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Jim_MM mrLOBSTER
8 months ago
Forget about the BDI Lobster (I'm a freight trader), the market is fundamentally fucked for another 18 months on massive oversupply (and banks are tied to shipowners to massive debt) but it doesn't mean trade flow will shrink. The fleet supply will exceed the demand but the demand is still gonna grow (moderatly). At such low levels the BDI couple triple it wouldn't change anything for the global economy. For marine traffic it's using land stations and does not use AIS data (ship own positioning distributed via satellite) so you won't see a 5th of the traffic on this.
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mrLOBSTER Jim_MM
8 months ago
Thanks :)
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Jim_MM mrLOBSTER
8 months ago
No problem:p Linking traffic to global economy is tough, it's so scattered and specialized:p One thing to monitor (and it's been collapsing) is chinese hunger for raw materials such as coal and iron ore. China switched its coal policy as it is by far the largest largest producer and never really needed to import any (they simply cut their imports by more than 50% in a year). As far as Iron ore is concerned (the biggest flow on water) it's stabilizing after 2 years of extreme growth. China has been creating big IO stockpiles but its steel consumption (which has been the best indicator of chinese growth in the last decade) has been turning south and is showing concern about infra+property markets. In other words global trade flow growth has been shrinking. Now the question is, how long will it take for china to transition into "consumer economy" such as the US and not an "investing/infrastructure economy" has its been the case for the last 20 years. My feeling is that China was the motor of the commodity boom from 2003 onwards which fueled global growth, but will not be as commodity supportive for the next decade; depending on how quickly they turn into a service based economy will tell us the truth
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Jim_MM Jim_MM
8 months ago
Also, I like your DAX chart, I have targets in the low 9000s and maybe low 8000s.
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dime Jim_MM
7 months ago
Thanks for shsaring your insightful analysis.
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Jim_MM Jim_MM
8 months ago
DAX long term short

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mrLOBSTER Jim_MM
8 months ago
Techically all looking so bad that I'm not sure what's going to happen.... Maybe this "panama money tax" -thing will be the catalyst for it...

Finance market
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dtatzx
10 months ago
Lobster check my crude chart, do you see the same?
- TSA
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mrLOBSTER dtatzx
10 months ago
Have'nt followed Crude too much lately, but looks just like what happened on 08-28 2015
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