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5,463.54
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techcharter

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techcharter

Re: None

Wednesday, 01/16/2008 10:46:15 PM

Wednesday, January 16, 2008 10:46:15 PM

Post# of 51818
German DAX in Bear Market.

From the August 2007 lows the DAX traced out and ending diagonal. Wave 5 of the diagonal truncated, and the ending diagonal truncated. These 3 counditions forecast a crash back to the August lows. This is pretty much what is happening as 2 weeks of trading have erased more than 60% of 5 months of advances. This has been the clearest wave count of the western markets. It looks to be the last one to make a technical top.


http://stockcharts.com/h-sc/ui?s=$dax&p=D&yr=0&mn=6&dy=0&id=p75635173805
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