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The power of TA

I think is just about time to explain why TA (technical analysis) works regardless of the naysayers and fundamental analyst that try to evaluate the “intrinsic” value of a security. Take as example my latest post on DAX analysis (14 October 2018) where succesfully have “predicted” the fall of the index having as target 10300 that will probably reached in the next few days

Dax and SeP (guest post)

This week I am featuring a couple of charts from Aaron that has been a interesting contributor in the past.
The first chart showing how the Dax30 broke below the wedge and was rejected from the 200DMA.

DAX update (and is not pretty)

Just a quick update for a meaningful Dax movement I was expecting for. The head and shoulder pattern unfolded breaking the neckline at 11700 and at the same time a medium term upward channel (1).

A few levels to keep in mind (DAX-DOW-GOLD)

One of the most important lines to keep well in mind when trading are undoubtebly historical levels of support and resistance that proved to be key signals for a long or short position. A broken resistance or support or a rejection would give a major hint on the direction of a trade. Trading the smaller timeframes having in mind a broader perspective doesn’t hurt at all.

DAX possibly regaining some ground next week

Really a bad week for the DAX, that broke the 12K mark and has been hovering below, and regained the level just on the futures market helped by Wall Street recupering ground in the final hours. Technically the DAX has broken the bearish flag on the daily chart.

The economy will be doing just fine forever (and pigs fly too)

The stock market refers to the collection of markets and exchanges where the issuing and trading of equities (stocks of publicly held companies), bonds and other sorts of securities takes place, either through formal exchanges or over-the-counter markets.

DAX in a uncertain range

The index is still in a short term downtrend started since last month top and ranging in a quite wide channel. The 50 days Moving Average has been tested already three times, with lot of bearish action during last Friday

Tulip maniacs and BTFD

By 1636 tulips were traded on the exchanges of numerous Dutch towns and cities. This encouraged trading in tulips by all members of society; Mackay recounted people selling or trading their other possessions in order to speculate in the tulip market

DOW running out of breath (finally?)

The Dow Jones has finally slowed down. And this is already a news. After several weeks of basically uninterrupt run, it seems to have found a ceiling at 23600.

A close under the 13K level. What can it trigger?

The Dax didn t close under the 13K milestone since October. November has been a bullish month until next week, where the DAX kept on addin all time highs up to the 13500 mark.

 I will add post and analysis on a not regular basis.iF YOU WANT TO CHECK OLDER POST THEY ARE AVAILABLE  below or ON THE TIMELINE. if you need a good reading to understand the basic of analysis check here this free resource

A new pool . How long do you think it will take  the Dax30 to regain the 13K mark?the poll will close on Christmas eve so hurry up

in how many month DAX will regain the 13K mark?

  • one year or more (45%, 14 Votes)
  • 7-10 (23%, 7 Votes)
  • 4-6 (23%, 7 Votes)
  • 1-3 (10%, 3 Votes)

Total Voters: 31

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