DAX daily update

Wednesday, March 4, 2009

So, as i suspected during this morning, wave IV is developing. Since minor wave 1 was higher than wave 3 i will give 3 alternative counts for DAX. With this rebound i believe that this principal wave V is doing some king of abcde correction.

Targets to have attention: 4055 (38 % retrace) and 4175 (50 % retrace).

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