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Friday, January 29, 2010

DAX - My favorit count says one more decline...



My favorit count calls for wave 4 to end just below 5,649.30 and then one last decline to 5,500 (red square) ending wave 3 before wave 4 sets in for a move higher towards the 5,715 area.

A direct break above 5,649.30 will point towards an unfinished wave 4 (irregular flat) calling for a move higher towards the 5,750 area before the next decline can be expected.

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