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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: dennis michael patterson who wrote (40191)10/10/2002 3:41:47 AM
From: Neville H. J. Gorman  Read Replies (1) of 52237
 
Hi Dennis!

Just sold my calls on the German DAX (too early as I see know). I am throwing in the towel on the bull case here. 5 day chart of the DAX:
de.finance.yahoo.com^GDAXI&d=c&k=c1&a=v&p=s&t=5d&l=on&z=l&q=c

We are in the 2400-2600 zone from 1996:
stockcharts.com[w,a]waclynay[d19951010,19961010][pc20!c50!a4450!d20,2!f][iut!Ub14!La12,26,9!Ll13!Lh14,3]&pref=G

In the current precarious situation a spike through this zone to maybe 2000 seems possible. Sentiment on the German DAX still shows 59% bulls.

Better safe then sorry. I made a loss but I am looking for a better entry in the next days. This beast is more volatile than the Nasdaq 100! Hope readers are interested in the DAX. Otherwise I should look at the American indices.
Hope you are not getting burnt on your positions.

Best,

Neville
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