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The Underlying Dax
Proprietary trading, hedge fund, statistics, indicators, technical analysis + short term index and stock trading strategies.
Tuesday, April 16, 2013
Wednesday, October 17, 2012
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Wednesday, September 26, 2012
Dax and imminent rebound
Obviously we will see some kind of a rebound tomorrow even the intermediate term trend is about to turn down.
50 day cycle just gave a sell signal.
Dax McClellan Summation Index already made a negative divergence with the underlying index. Currently it is heading down.
It is highly probable that Dax will fall at least below 7200, and then appropriate short term target could be found from a weekly chart. So far Fibonacci level 7037 seems to be enough, maybe even below 7000.
Friday, September 21, 2012
Friday, September 14, 2012
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