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Re: None

Wednesday, 04/08/2015 10:33:28 PM

Wednesday, April 08, 2015 10:33:28 PM

Post# of 51763
DAX-Waves

The German DAX has 2 near term counts from the October 2014 lows to consider.

http://stockcharts.com/h-sc/ui?s=$DAX&p=D&yr=0&mn=9&dy=0&id=p53974160653

The first is Wave 4 correction from the mid march highs has ended.
Wave 5 is an ending diagonal in wave 4 and will start wave 5 by the end of the week. This is much more in alignment with a potential top in the US markets, but has negative implications (ending diagonal of 2 degrees and a truncation at the larger of the two degrees.

The second is wave 4 correction from the mid march highs is tracing out wave c of flat. wave 5 has not started. This would give the US more time to avoid truncation, but not avoid ending diagonals at 2 degrees.

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