Feb 14, 2010

DAX-Elliott wave update

                                                              Happy Valentine's Day !!!
Almost nothing changed since my last post about DAX. I still expect (2) or (B) wave progression to at least 5.655=38.2% Fibo, or 5.821=61.8%  Fibo. I missed 50.0% Fibo, because that level matches  resistance peak at 5.738. If the price action break that resistance, possibly the price will run after at least 61.8%Fibonacci.
Most probable reversal levels-5.666 and 5.796.

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