Oct 27, 2011

Short term update

My projection for the move was SPX500 between 1280-1300 - check and DAX 6400 - check.
I though we will see ABC move which will last at least two Months... straight up, target hit for four weeks. I think that means - expect more on the upside.

UPDATE 29.10.2011 Here are the charts....
On 24.09.2011 I wrote:
DAX is holding support, very strong bounce and another hammer candlestick from the lows - support level and 61,8% Fibo retracement from the 2009 lows. It looks like a double bottom. That is one reason why I think there is no much left on the down side.

And the DAX now

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