DAX German Stock Index -Daily -"If the log rolls over". SELL

Nov 9, 2014

DAX potential "smack down" from a 5-day time at mode signal ending on Thursday's close and note that the new 5-breakout-failure where a 5-day consolidation failed to lead to a new buy signal could be a sign of exhaustion up here ... A little drop and a sell signal is triggered (and CCI has crossed under +100 for a 4th time in this rally = typical of a bull market move. A main cause for concern is the "internal strength" of the rally as measured by my proprietary "range movement" indicator is saying this is a "weak rally" with a sub-par 50% retracement... So, I am looking to SELL under The previous 3-day lows and target 9080 minimum. 9291 last...

If we get a range completely above the purple "6" rectangle area, then a new buy signal will register. Cover any shorts and go long.