DAX update intraday (Part 2)
Tuesday, February 17, 2009
Similar count to DAX. To bearish? Maybe not :P.
Similar count to DAX. To bearish? Maybe not :P.
I expected a new low to finished this wave i of iii of iii of v.
Count to bearish???!!! I don't think so...
(I think this last count is better)
P.S. Time frame 2 hours.
Possible count for DAX. As i say yesterday the wave iii of iii of v is developing :)).
Confirmation only tomorrow, but maybe DAX is already on sub wave iii of iii of v.
I still see indecision on the markets so i have an alternative count to DAX. I will also controled the trend lines.
It appears that DAX is already on sub wave iii of v due the movement on friday appears more impulsive.
On Monday the american markets are closed, so thats a good oportunity either to start the big crash or to have a rally and close this wave ii. Yesterday, during all day, the waves intercepted a lot, so i think that this movement is corrective and its near to its end. I expect a nice rally on Monday to end this wave ii and the big crash start around Tuesday or Wenesday.
P.S. Tomorrow i will see DAX but appears more bearish as i say yesterday.
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