Morning gang!
Well it looks like the the power of the 540 degree 830 spx is exerting its influence. 90 degrees down from 830 is 788 and 180 is 774. Interesting that 270 degrees is 746 or very near the rising 20dma. I know many here believe this stuff is crazy, (as I can't believe how some of these numbers work) but I respect it. I believe we see a correction which can be bought with an eventual turn or change in trend around 4/10. Rember these numbers 888 and 476 spx. I believe we may have a date with destiny at 476 possibly around 10/9 or 720 degrees in time from the all time high. Hit em Hard!
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As in the FTSE, the dax one would expect a corrective movement. The high last week and the opening of today indicate that we have one more short-term top. Island is a strong pattern. Two short-term resistance 4060 and 4155. Two values of hope for the bulls 3936 - 3800, and a projection for a classic bear market 3165.
ReplyDeleteSend me your comments they are important.
Big trades for all.
Daily - http://rounderstrader.blogspot.com/2009/03/dax-...
Hourly - http://rounderstrader.blogspot.com/2009/03/dax-...
How do you determine degrees? seems very confusing
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