Dude1913

Short term pullback likely

FX:GER30   DAX Index
342 views
16
Max 12030ish for this run..I think ATH possible in next leg up
Comment: 11.850 Max I think on this pull back..... buying between 850 and 880 is a good thing JMHO
Comment: Think this was it....reverse and back up
Comment: Nasty day for daxie, beast sometimes up and down wow.....In my view it's still a buy above that fat purple trend line. Not convinced this is a start of something major (yet)

Maybe it dips briefly to 11.634 11.609 ish
Comment:
Comment: Think 11.900 is a good short (If wee see that)

Comment: I'm thinking we are going to test last Friday's low at least one more time. So It could be a nice short here or at 11.900 max.....If it goes down indeed it will form a H&S pattern, something to keep in mind......

There is also Trump"s address to congress tomorrow, how the markets will react is anyone's guess.


Comment:
Comment: Wow, I was to scared....but better safe then sorry! Markets are almost 100% insane now........Not going to end pretty, almost sure of that......Almost textbook blow-off top in the making (US markets)


Comments

"Not going to end pretty, almost sure of that" :) ....
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Dude1913 hex0x40
@hex0x40, :-) Did you made any money on this spike? Or same as me?
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Dude1913 Dude1913
@Dude1913, I had buy order in for the DAX this morning, expected to close the gap somewhat..........but nopes was not going to happen :-)
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hex0x40 Dude1913
@Dude1913, I left yesterday but as you said : "better safe than sorry" :) !
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Dude1913 hex0x40
@hex0x40, Yeps, nobody knows how the markets will react, short is tempting.....have small order in @ 12.050
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Dude1913 Dude1913
@Dude1913, Going to sleep a few hours! Was up all night, expected some action. But non of that, it was boring :-(
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hex0x40 Dude1913
@Dude1913, I just looked quickly overnight and hopefully because it was boring :)...
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Dude1913 hex0x40
@hex0x40, Yeps, it was.......I removed order btw.......maybe 12.170 possible ......Just wait and see......
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Your trendlines were accurately drawn : very helpful :) !
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