Elliott Wave update on German Dax Index: Aug 2012

From an Elliott Wave point of view, the recovery in the Gernam Dax index from its June 5, 2012 low of 5914 does not look like a third wave. In addition, the prior recovery from the September 2011 low of 4965 to 7194 looks like a three wave movement, followed by an...

Elliott Wave update on German Dax index

Back in Dec 2011, I posted my Dax index outlook using Elliott Wave analysis, more with an intention to teach how we could apply the Elliott wave Principle than to forecast. I proposed a bearish count, but the index recovered more than anticpated. Now is a good time to...