Friday 19 April 2013

DAX 19/04 Alt View

Added time goals.


This is my alternate view for the bears. Currently wave 4 of 3. then enter a larger degree 4th. so my guess is a few weeks of range trading.


Thursday 11 April 2013

DAX Trading 12/04

What we expected lazy bullish bias. Range 100 High 7884 in the middle of my expectations.
Divergence in the RSI and Stoch it can also be seen on CMO (graph at bottom of chart)
I am expecting a corrective move, the depth should give us a clue as to the next pattern Range from 7860 down to 7624. 
A shallow retracement less than fib 0.50 more than likely wave 2 so we should anticipate more upside into wave 3. A deeper zigzag 0.6 or more will indicate a B wave of b
My trading plan is to sell on a break of today's closing, looking for a 0.61 correction min prefer 0.7 or 0.9.
Targeting 7724 (support zone) to 7624 area.
Robot 1 entered long profit $ 53.73
Robot 2 2 longs and a short profit $ 127.05


S&P ED progress

17  April.
So far so good. Wave 4 went deeper than expected and ended in the extremes. C wave is untidy and difficult to read and could have truncated ending where the (2) is marked. It has now entered the failure zone 1575 - 1585 if it breaches I would expect a min of 3 = 5 =1602 or 1611(c truncation)
The alternate count indicats the start of wave c down.






The S&P Ending Diagonal theory. This chart shows the variation. The MACD and Stochastic are divergent  A breakout of the flag should be short lived and I expect a severe 4th wave decline entering into the territory of wave 1 sub 1573.

So far so good.

The min requirement is complete , but there could be a 5th to 1600.4 lurking in the bushes
Ok no sneaky buggers hiding. Top want 95, we got 97, the plan is unfolding as expected.
Wave A range is indicated as support in brackets on the chart, again the lower is preferred 1575. Wave C should then extend to 1559. I have adjusted the price targets lower indicating the preferred bottom.
The min expected is 1575 ( not a recommended option) then there will be a bigger possibility of wave 5 being very short only 0.6 of wave 3 and ending in truncation.

Going according to plan. Should be a rebound to 1577 - 1588 area.



Wednesday 10 April 2013

S&P Alternate view

Two alternate views Alt 1 a Zigzag with white and yellow numbers and Alt 2 with green circles.

If the bulls hold current levels above the 1573 then it opens 1613 as the current pattern is not complete although the min requirement for a zigzag correction has been completed.


S&P

4Hr chart expect the bullish form to continue. This should end in an ending diagonal or a zigzag.


Dax Morning Call

Had a 12hr power outage so this post is late
Yesterdays action had a sell bias and completed wave 3 or A. This invalidated the triangle project as it zigzaged to the lows.
Today I am expecting upside action wave 4 or B targets 7729 0.38 preferred or 7767 0.50
DTFD during the morning session, then I am expecting a fade in the afternoon.
Robot 1 closed the short position $ 222.06 profit.
Robot 2 closed the short and entered a long position $ 112.50 profit


Tuesday 9 April 2013

Dax Morning Update

Morning high 7709.
I am trading the triangle. Entry 7707 SL 7705 Target 7667.
Failure of the high will result in a C wave push to either 7747 a 1.61 ext of current wave or 7744 a 0.38 of 3 Failure zones are 7722 and 7737