Dax Cycles

[Insightm]

DAX outline for the Week ahead
The harmonic target for this week 18/12/06 to 22/12/06 had been reached last week which is the 6552-4 area and this may result in a sideways consolidation movement swinging back and forth between support, resistance and harmonic target. However it may attempt the 6620-4 or 6632-5 Resistance area this week which will probably cause a very strong reject and back towards the harmonic target 6552-3 and further down.

Short Term
The index for today 18/12/06 has a harmonic target at 6552-4 with a resistance at 6611 and 6620-4 respectively, an attempt to the second resistance will probably cause strong reaction down to return to harmony and support areas for today are 6540 and further down is 6515.

These are based on cycle theory and additional confirmation should be employed.


These are mathematical calculations of natural law of space and time and this helps determine the trend.

Harmonic targets are natural places with the highest probabilities a Stock or Index will be in space and time on any given day, week and month. Our emotions and thoughts are represented in numbers and swings from one end of the polar to the other just like a pendulum. And through the application of projective geometry, the direction of the collective mind and emotions can be determined.

All comments and views are welcome.

 

[Hook Shot]

Yep I've been looking for a turn due to explosive move off 6200ish
Now with today's high around 6616ish, I'm looking for 100pts sell off to low 6500's....

The min I'm looking for is a break of today's low around 585 .........but if that's all we get I'll be surprised and may indicate another stab at upside.

Dax is setting up as a juicy short ...... but I'm fairly well off the highs so need a bounce really to feel happier about the risk........Retest of high would be excellent second bite of cherry. In the meantime I'm looking for set ups elsewhere....

 

[catracho]

Dax is setting up as a juicy short ...... but I'm fairly well off the highs so need a bounce really to feel happier about the risk........Retest of high would be excellent second bite of cherry. In the meantime I'm looking for set ups elsewhere....

yes looking for a short in this one....timing is everything!

 

[Hook Shot]

Yep I've been looking for a turn due to explosive move off 6200ish
Now with today's high around 6616ish, I'm looking for 100pts sell off to low 6500's....

The min I'm looking for is a break of today's low around 585 .........but if that's all we get I'll be surprised and may indicate another stab at upside.

Dax is setting up as a juicy short ...... but I'm fairly well off the highs so need a bounce really to feel happier about the risk........Retest of high would be excellent second bite of cherry. In the meantime I'm looking for set ups elsewhere....

Sadly for now price is 572/82 and implies down bar but nothing special........too risky for me to short down there so will have to wait and see....

Catracho - thanks for chart - I didn't think it was so clear ......... hitting underside of trendline etc... I was just relying on Dx burning itself out........ simplistic but it works if you are patient. Also helps to know the (potential) significance of 6600.

 

[Insightm]

The Dax avoided the resistance level 6620-4 yesterday 18/12/06 by 4-8 points on the very important day the level is strongest which is often a shift in views and possibly another leg back into the same territory and could pass the area on a day of less importance.

For today 19/12/06 the Dax has a cluster of supports in the same area which are layered below each other and this would probably stop the Index from reaching the Harmonic target of 6552-3 and cause it to rally back upwards towards the 6624 area again.

Support/Resistance 6596-8
Support 6569-72
Support 6555-7

 

[Hook Shot]

With the Dx so far holding above 6500 previous high and Dow not batting an eyelid I'm tempted to think this could bring decent intraday bounce........ this will be viewed as potential shorting opp. It would feel awkward to be going long dax at these lofty levels.....on (so far) just one day pullback !

The fact is the dax is still pretty firm........ so I must wait for my chance on either side.

Dx was due a slide of 100 min and so far 87pt loss from highs posted...

 

[Insightm]

If the Dax regains 6552-8 and closes above these levels, it will also give a chance to revisit the 6624 area as this looks more like a correction.

 

[Insightm]

The Dax closed yesterday at 6553.51 the harmonic target for the week and above there is a resistances at 6556-9. For today 20/12/06 if the Dax can break the resistance forward, it may revisit the 6624 area and further up. Support area for today is 6522-4 and resistance 6635

 

[dcraig1]

The Dax closed yesterday at 6553.51 the harmonic target for the week and above there is a resistances at 6556-9. For today 20/12/06 if the Dax can break the resistance forward, it may revisit the 6624 area and further up. Support area for today is 6522-4 and resistance 6635

Please explain "harmonic".

 

[Insightm]

Harmonic targets are natural places with the highest probabilities a Stock or Index will be in space and time on any given day, week and month. Our emotions and thoughts are represented in numbers and swings from one end of the polar to the other just like a pendulum. And through the application of projective geometry, the direction of the collective mind and emotions can be determined.

 

[dcraig1]

Harmonic targets are natural places with the highest probabilities a Stock or Index will be in space and time on any given day, week and month. Our emotions and thoughts are represented in numbers and swings from one end of the polar to the other just like a pendulum. And through the application of projective geometry, the direction of the collective mind and emotions can be determined.

Harmonic has a specific meaning in acoustics, music, telecomms. The harmonics of a fundamental frequency are it's multiples. One could readily identify such frequencies in the time series that consitiute market prices by examining the frequency spectrum obtained from a Fourier transform. I'm sure it's been tried many times - without success at the bottom line.

I'm sorry, but I think if terms from science and engineering are introduced into discussion of financial markets, then they shold retain their true meaning or alternatively not be used at all.

 

[Insightm]

Harmonic has a specific meaning in acoustics, music, telecomms. The harmonics of a fundamental frequency are it's multiples. One could readily identify such frequencies in the time series that consitiute market prices by examining the frequency spectrum obtained from a Fourier transform. I'm sure it's been tried many times - without success at the bottom line.

I'm sorry, but I think if terms from science and engineering are introduced into discussion of financial markets, then they shold retain their true meaning or alternatively not be used at all.

Well i have to say that i have done my research through the study of Electic waves and Light / sound propargation and it works for me with an 80% sucess rate

 

[Insightm]

The Dax closed at 6586.91 yesterday 20/12/06 and for today 21/12/06 this area 6585-8 is resistance with a target towards 6546 where it might meet support and a break below there, will probably head for the harmonic target for the day 6530-2.

 

[Insightm]

Dax closed at 6573.96 yesterday 21/12/06, and today 22/12/06 there will possibly be light trading and this might drift the index to the side fluctuating between 6575- 6554 where the harmonic target resides for today. However support areas are 6546-9 and further down is 6507-9and the resistance is 6603-5

 

[Insightm]

The Dax seems to be drifting sideways on the weekly charts which will call for a sideline observation, however for tomorrow the 2/1/2007; the harmonic target stands in the area of 6600-2 with a resistance at 6620-2 and further up is 6641-4 and support at 6557-61 and further down is 6533-7.

Notes:- Harmonic targets are natural places with the highest probability a stock or index will be in space and time on any given day, week or month

These are based on cycle theory and additional confirmation should be employed. As usual all comments and thoughts are welcome.

 

[Insightm]

There is a possibility of a heavy move down on the Dax as its harmonic target for tomorrow 5/1/2007 is in the area of 6522 – 6540.

 

[Insightm]

Dax decision time for a corrective move down.

 

[Insightm]

Chart

 

[Insightm]

Supporting Daily Charts

 

[hobby]

You're talkin' in Jive....I'm not totally sure I'm hip to your groove Daddio - but I like ya.