Aug 29, 2015

DAX update

Everybody talking about crashes, bear market, impulses expecting wave 5.... I think it is not so simple and we have series of a-b-c w-x-y as a part of a complex correction with the first leg lower.

Basically the same chart which I have shown already, just the speed and the plunge surprised me. I am not sure if we will see a lower low or higher low as a test of the "crash low".

I would like to see one more move higher to test MA200 and finish c=a. This will mean the probability is much higher that this is a different move and not 4 and 5 from a wave lower.

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