DAX update

Stockcharts often does not update until the next day, but from other sources I understand that the DAX reached 6356 , a one year high. This negates quite a few bearish counts and certainly makes one wonder if that outlook might just be wrong. The only bearish outlook remaining is that of irregular flat, irregular as the B-wave in the A-B-C actually rises above the beginning of the A-wave.  The nearest bullish case would be a diagonal as the first up-leg is clearly not 5-waves. Otherwise I am at a loss to count this thing- but remember that this is the only one that is out of line, for the moment. A return of the Wirtschaftswunder perhaps??


dax aug 4 2010