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Dax - Daily analysis and Discussion

  • #261
  • Sep 3, 2017 5:21am Sep 3, 2017 5:21am
The shit might get real in the Korean peninsula... Although, I'm not sure if the markets will be overly volatile as a result as it appears it is Nth Korea vs the World in this case.
  • #262
  • Sep 3, 2017 5:52am Sep 3, 2017 5:52am
Quoting PariCovek
The shit might get real in the Korean peninsula... Although, I'm not sure if the markets will be overly volatile as a result as it appears it is Nth Korea vs the World in this case.
for what it matters at this time of this sunday.......https://www.ig.com/it/ig-indici/sunday-germany-30
I call upon my father's spirit , watching over me
  • #263
  • Sep 4, 2017 3:26pm Sep 4, 2017 3:26pm
Nice reversal on Dax today. I'm not going to try and predict what tomorrow will bring, but I do have quite a strong resistance level at around 12,150 if it gets there. That is exactly where that upper trend line is running through, but I also have moving average resistance there as well. If I'm right, and that level does offer resistance, then the price could well fall back down towards today's low pretty swiftly. We'll see how it looks tomorrow anyway. A lot can change overnight.
  • #264
  • Sep 4, 2017 6:24pm Sep 4, 2017 6:24pm
I fear this too. but nice to see that the buyers still exert pressure.
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  • #265
  • Sep 5, 2017 12:43am Sep 5, 2017 12:43am
It wouldn't surprise me if we get to 12200, but that's as high as I see it going today, 4H 200ema.

We are likely to close below 153 though, 7SMA on Weekly.
  • #266
  • Edited 1:20am Sep 5, 2017 1:01am | Edited 1:20am
NK spotted transporting an ICBM to its west coast.

I am unsure if they have ICBM capability, but they have Intermediate Missile capability, which is up to 5000km range, making Japan and Sth Korea sitting ducks. US mainland is most likely not in reach.

Its 100KT Hydrogen Bomb has this capability, and can be deployed onto an ICBM or Intermediate Missile:

  1. 3 km radius A radioactive fireball hotter than the Sun and with the force of 100,000 tonnes of TNT kills everyone.
  2. 5 km radius The vast majority of people die quickly from blast injuries, asphyxiation or (over weeks) radiation sickness.
  3. 10 km radius About half die from trauma and burns. Many succumb soon after to fires and radiation sickness.
  4. 80 km radius Radioactive fallout spread. Over time, many thousands will die from radiation sickness and cancers.

Sounds like war on Korean peninsula soon IMO.

Imagine if they take out Tokyo - Nikkei would plummet +10,000pts in an instant!

  • #267
  • Sep 5, 2017 1:26am Sep 5, 2017 1:26am
Morning!

The R I posted last night was reached, and it held. I've nothing really to add to that post now. The CP level which is 102, looks like being a potentialy strong S level, as it has both the H1 200ema and sma on top of it.

S1 - 064
S2 - 11,995

R1 - 170
R2 - 208

Good luck.

ps - for more potential support, I've put the fibs on. As things stand right now, the 61.8% is on top of the H1 100sma @ 12,080, and the 76.4% is on S1 @ 064.
  • #268
  • Sep 5, 2017 1:31am Sep 5, 2017 1:31am
Quoting PariCovek;.[B
Imagine if they take out Tokyo - Nikkei would plummet +10,000pts in an instant!
[/b]

Not just the Nikkei I should imagine!
  • #269
  • Sep 5, 2017 1:40am Sep 5, 2017 1:40am
A correction from last night's post. Last night my charts were showing the upper trend line running through at the 150 level, was was not correct. Today, the trend line is where it should be, at about 170, which dissects today's R1, so that's a potential R level if the price breaks above last night's R.
  • #270
  • Sep 5, 2017 1:49am Sep 5, 2017 1:49am
Good morning.

Support around 11900 was pretty strong. We are at the upper line of that falling channel right now, but we could see a false breakout to around 12200. I prefer shorts until a break above 12333.

Have a nice day!
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  • #271
  • Sep 5, 2017 2:23am Sep 5, 2017 2:23am
There is clear resistance atm at around the 150 level, but shorts be careful, because the big 200 moving averages are all not far below on all tfs up to the hour. The 15m 200ema is the support so far today @ 109. The upper trend lines depend on where you plot them, so from the high on the 16th August, I have it running through at 222 currently, and a lower one, taken from 22nd Aug is at 192.
  • #272
  • Sep 5, 2017 2:54am Sep 5, 2017 2:54am
Just in case anyone has overlooked it, the H4 200ema which sent the price back down throughout August, is just above @ 12,200, which is not to say it'll do so again necessarily.
  • #273
  • Sep 5, 2017 3:02am Sep 5, 2017 3:02am
that's it for the first time
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  • #274
  • Sep 5, 2017 3:34am Sep 5, 2017 3:34am
dax knocks on
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  • #275
  • Sep 5, 2017 4:50am Sep 5, 2017 4:50am
as someone here already knows I'm more focused on short term,
so a double bottom in place and retest of last friday's high the key for next move,
but as usual no exact science here

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I call upon my father's spirit , watching over me
  • #276
  • Sep 5, 2017 4:54am Sep 5, 2017 4:54am
Quoting cat
Just in case anyone has overlooked it, the H4 200ema which sent the price back down throughout August, is just above @ 12,200, which is not to say it'll do so again necessarily.
And here's another way of looking at it. Good enough for a long-term short from above 12200.
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  • #277
  • Sep 5, 2017 5:25am Sep 5, 2017 5:25am
On the same topic of a long-term short, one may notice that there have been weekly pullbacks once in July and once in August, and today such a pullback completed for September.

So this could be the calm before the storm.
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  • #278
  • Sep 5, 2017 5:29am Sep 5, 2017 5:29am
Short at 208.... Hoping for 140. Will sit on this puppy for a while and put SL to BE
  • #279
  • Sep 5, 2017 5:42am Sep 5, 2017 5:42am
North Korea's UN ambassador

„The recent self-defence measures by my country DPRK are a gift package addressed to none other than the US.
The US will receive more gift packages from my country as long as it relies on reckless provocations and futile attempts to put pressure on the DPRK“.
  • #280
  • Sep 5, 2017 5:47am Sep 5, 2017 5:47am
Quoting PariCovek
Short at 208.... Hoping for 140. Will sit on this puppy for a while and put SL to BE
Exit +58. Sorry should've posted earlier.
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