Replies to post #47511 on Short Term Trading Member Forum

[techcharter]

European markets still in corrective bounce.

The wave 2 flat is no longer a valid count. A zigzag, double zigzag, and complex corrective bounce, in that order, are the new high-probability wave counts. STill, the corrective bounce looks complete.


DAX

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=dx%3A1876534&time=18&startdate=1%2F4%2F1999&enddate=10%2F30%2F2012&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9&x=22&y=11