DAX update

DAX bloomberg 2012 jan

Today’s intraday high of 6389.99 is just a few hundred points shy of a perfect 61.8% retracement of the down wave with a range of 4966 to 7600. Waves C and A are almost vector equal. So the answer to the question, “are we there yet?” is a resounding maybe.

For comparison purposes we have added the S&P below;

spx bloomberg jan 2012