Jul 27, 2010

DAX - 6352-Down behind my shoulder

In my last update about DAX I was expecting "expanded flat". The "flat occurred, but the"running"one-A,B,C.  It's not a secret that I am deadly bullish on daily to weekly base about some EU indexes including DAX, but expected little different pattern (expanded flat). 
As usual the market loves to make us look stupid- often. I still support my bullish bias, due to the strong daily and weekly signals. There is not much text to add to the current count. I reckon on small and brief pull back next one-two days to get the "long" path again.


Good luck!


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