Sunday, March 13, 2011

TadewiJedT rehash

DAX has met some short targets. into fri's 5ddlows & bottom of channel 1. think it will test underside of previous support .around the 7150ish level. SPX made a move on the projected 1313 level already. see the possibility of a nice island reversal on DAX FTSE met the projected 5800, bottom of channel , fri's 5ddlows & looks like ST bottom - maybe test 5900ish? 7150/5900/1313 are the new d-weekly 50% on DAX/FTSE/SPX, respectively. so maybe a good area to reverse - see how it travels. the other thing is there is a fair amount of fear amongst the herd which gives me incentive to look the other way but not entirely. if price goes the other way then i will reorient to those lower brown bear targets - DAX bottom channel 2, 5ddlows & d-weekly/lows around 5900 or 200ma around 5800

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