Friday, 6 January 2012

DAX the edge

Can you see the wedge shaped channel the the left hand chart? This is what i had hoped for yesterday and hence my disappointment in this mornings post. I will look for another short entry but it may not be suitable re risk/objective/etc. Next objective is a test of 5980 then 5875 where there is long term support BUT we have failed on the upside and will have to complete another cycle down before we find out if we hold or go lower or return up again to retest 6150

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