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Seeing a friday 9 to 9:30 candle red..
From there some upmove to new high might take place.
So the last high of 7484 will be taken out.. - 7512 highly probable.
Our big picture of the daily Dax chart 2 weeks ago was from October 5th.
Today we are 2 weeks in the development and I am taking the chart from there
and compare it to the real result after these two weeks.
Result is impressing as the turning point was exactly hit - the rising price as
previewed - and I expect to see the peak point in that development still for
end of october. (Price might hit 76xx then)
Take a look @ the two charts here:
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GFIs1
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After yesterday's drop in the Dax - there will be no trade today as the volatility
was too high for a normal rule today. This helps to avoid some negative points here.
Anyway - the outlook is: bullish move again - first retracement and then higher highs
expected til' the end of october.
GFIs1
Last edited by GFIs1; October 25th, 2012 at 02:43 AM.
Reason: typo
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