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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj


Friday 20 September 2013

Dax

potential exhaustion scenario at MM level (8750) mentioned yesterday strengthened with the open-close reversal day.Tentatively bearish against yesterday's high

As regards "numerology" I mentioned before that 8100 was important (square of 90) and we had a triple bottom on the daily swing chart. Ranges in the Dax tend to approximate Gann "natural circle numbers" like 360,540,900 etc so if I am correct 720 plus 8100 should be resistance ie 8720. Beyond that 900 gives 9000,an important number in itself and 5400 from 3600 2009 low. Perhaps pullback here then final run to 9000 ?


edit Those gaps arent present on other chart services,something to be aware of.Not sure what data they use at IC

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