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Looking back into the last bigger picture mid october (post #454) new highs were not made.
Price was falling back into the red Kumo. Support did not hold and price went into the middle
of the Kumo. As the cloud weakend from Nov. 13th price support was breaking away and as
of yesterday the price crossed Kumo border underneath.
So the scenario for a year end rally has to be written new:
Expecting price going further down to the 6850 level (low around 6833).
From start December some retracement up could be seen to an upper resistance level of 7180
area. From there (Beginning Jan. 2013) some further consolidation back south highly probable.
At least some less volatile movements ahead...
GFIs1
Can you help answer these questions from other members on NexusFi?
Hello GFI,
Good to have you back. For some reason didn't receive your posts for a few days. Thought you quit. I'm sitting in front of the DAX right now not knowing exactly what to do. Deliberating with myself whether to go short at 13:00 which is often a turning point, and it is a little overbought already. Looking at recent weeks I thought Monday would be the less profitable.
Also, thanks for the slide.
Well read! The rule set will be altered to New Year. Goal of this years log is to get a complete track record for one
year. From there some changes are foreseen.
With all year's data some proper calculations can be made. I think this is worth the effort.
