breakdown, possible target. as usual I only expect Fib 61.8% at $154.40. any more is bonus.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Cobra, what you think of DAX?
gapped up above friday high and closed below friday low.
tnx
Cobra has tons of other worries than DAX - and as you trade DAX it would be more interesting to read what you see. E.g. that momentum is weak (daily and weekly), that both stochastics look bad and that P&F support might have been broken today (DAX closed at 7870.90)
This kind of information you get for free at stockcharts. As to trading: If you are long set a stoploss at a trendline - if you are rich you set the trendline on the monthly chart, if you are semi-rich on the weekly, if you are dirt-poor on the hourly
Last edited by uempel on Mon Mar 25, 2013 1:12 pm, edited 2 times in total.
$154.40 target met. anything below that is bonus. lunch time, will be back.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
update on SLV trade.. etf is struggling to hold above a convergence of 5, 10 and 20 day MAs. If it clears 28 with vigor it will again be above all three.
Some guy wanted to know the meaning of "oy" - here the urban dictionary response. As for the answers - I guess answer No. 5 is slightly out of context in Cobra's forum