Tuesday, March 10, 2009
So we are on minor wave iv. SPX and DAX made a good short squezze and closed at the 23.6 % of Fibonacci. Usually, this waves are complicated to negociate due normally are complex. In my sharts i made a simple abc but i expect more abcde during 10-14 days. While SPX is doing 12345 waves in this wave v, i suspect that DAX will do more in abcde. The principal areas to be short or close the longs are between the 38 and 50 % of Fibonacci retracement.