$DAX Elliott Wave Analysis 7.01.2014

The preferred Elliott Wave view is that the move up from 8915 low is taking the form of triple corrective structure when wave Y ended @ 10050 and 2nd wave X is also thought to be  in place @ 9749.  As this level holds, we like more upside in the Index toward 10155 – 10216 region. We like staying long and don’t like to sell the Index in any of the proposed pull backs lower due to the trend being up.

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