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Monday, January 25, 2010

DAX - Headed for its wave 3 target near 5,567



As can be seen the waves a froming nicely and the wave 3 target at 5,567 is just ahead.

Minor wave 4 became a triangle telling us, that after this last move down close to 5,567 we shall have a correction to at least the apex of the triangle near 5,680.

As wave 2 was a simple zig-zag we should expect a complex wave 4 correction. problably somting of double correction with its ideal target near 5,740 before the onset of wave 5 down ending wave I

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