Tag Archives: DAX

DAX Index : Update of the Long-Term EWP

I MODIFY THE LONG TERM COUNT ===> TRIPLE ZIG ZAG In my last update, on February 18, I discussed several options:

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DAX: Follow Up of the Short Term EWP

THE ENDING DIAGONAL PROJECT I maintain unchanged the long-term count discussed on February 18: “So far we have a 7 –legged structure therefore EW wise we should not rule out an 11-wave structure. For this reason I maintain the scenario … Continue reading

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DAX: Follow Up of the Short Term EWP

This is just a brief analysis. I am going to use the same assumption discussed this weekend for the SPX long-term count (Triple Zig Zag).

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SPX: Follow Up of the Short Term EWP

Unfortunately SPX`s Ending Diagonal that I have been monitoring for more than two weeks has been busted. However given the technical reasons discussed in my last Weekly Technical Update I maintain the assessment that price is involved in a topping … Continue reading

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DAX Index : Follow Up of the Long-Term EWP

On January 8, I reviewed the long-term EWP suggesting that the DAX was unfolding the same pattern like SPX, which calls for a Double Zig Zag from the 2000 top. If this count were correct then from the March 2009 … Continue reading

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DAX Index : Update of Long Term Count

This is a brief update, I don´t have much time to extend a long discussion, instead I will rely on the charts in order to show a potential path. I will use as the preferred count the same one I … Continue reading

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DAX: Follow Up of the Short Term EWP

Today is the last chance in order to get a deeper retracement, if my short-term scenario, which I have been discussing for SPX, is going to play out. It is obvious that the market is in a state of “limbo”, … Continue reading

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DAILY 0606

We know that Central Bankers will step in “if necessary”. In the mean time Europe should  establish a serious plan to resolve the Eurozone crisis before the end of June. Uncertainties regarding the Greek elections on the 17th of June … Continue reading

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DAILY 0418

SPX short-term price action: I cannot modify my preferred short-term scenario. The EWP from the April 2 peak unquestionably calls for at least one more down leg, which has to be an impulsive wave (C) down. The internal structure of … Continue reading

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DAX: Follow Up

I am on holiday, but I thought it should be interesting to see if next week a potential top and reversal is confirmed if price maintains the sequence of lower highs/lows The Dax has been tracking the same EWP of … Continue reading

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