DAX: Signal- 21.08.2012

DAX Signal: "long" - but not confirmed   

                                                              - tomorrow: Oil Price reversal?

On Friday the DAX Index has closed over the Stop Loss Level of 7.018.
The Model of MokosH went "long". But the other part of MokosH the SMR (Semantic Memory Retrieval)
has a other opinion: change of trend very likely. So the overall position will be "neutral".

The SMR is dealing with pattern of the past. Sometimes the past has to little knowledge. In this cases the model is asking for help from other markets experiences. MokosH in general is dealing with price units rather than in real market prices. So MokosH can compare markets very easily.

The corresponding pattern does not confirm the opinion of MokosH:

This DAX Chart is showing the actual price (red) and the most likely forecast (blue). The grey line will be the second gues of the possible forthcoming future.

The short term cycle for the DAX expects also an end of the current bull market!
the daily narrow range in the DAX index is also signaling a change of trend. (rule: change of trends when the price range of the last 5 days is below X or above Y.
Also  Oilprices could end its recent bull trend.
Tomorrow you will learn something about oil prices...


Life Pattern: Whom I am following?
Often we are very impressed of the carrier of Bill Gates or others. What did I wrong? I have studied at the same university,. my friend is now CEO of the company XYZ and I ....
A question by heart: is it a success to have a million EUR on my banking account?
The society is telling us some lies. Think and act selfish - and you are doing good.
At the end, you have to choose a certain way you want to go. Is it fine to buy futures of food comodities and become rich and the poors become poorer? In 2008 about 200 milion people suffered to death behalf on speculative purchases of wheat, corn etc. via futures.
I am willing to follow Christ - He was not selfish..