Thursday, 16 October 2014

Equity Markets and big Pitch Forks

Nothing has changed since my previous post of early March this year except we have made a top. Now we can expect to see a serious retracement but just look how long the top took to form in the DAX with the huge forks CL (P0 being the first days trading back in the early 90's)? The best part of 6 months so after the initial drop we will see increased volatility and wild whipsaw swings with long range bars. The objective in the DAX is 7300 for the downsloping forks CL

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