Hi all together,

in the last time, we've seen a sharp down move of nearly all equity indices. Has anyone an idea in which direction it will lead?

Greetings,

MrFibonacci  

Hi to you,

I can see a bottom soon and will stay bullish!
a sign for higher quotes is for example a strong bullish divergence at the MACD in FESX.

BB  

Hi BB,

in which time period do you trade?
Is your bull atitude on intraday oder on basis of several weeks?

Cheers,

007  

Hi 007,

my bull attitude is long-term. I anticipate the area below 4000 as a possible long target. In the next days FESX won't fall deeper than 3.875 support, I suppose.

what's your opinion? don't you agree?  

Hi B&B,

I'm even bullish in the very short-term. I think that 4060 is ok for intraday longs. Mid-term to long-term bears dominate my minds. I hold the 3700 as possible short-targets. We are just in consolidation of the huge bull run from 3400-4100!

Do you agree?

C U  

Yesterday FESX defended 3970, in my opinion an important number, and so I expect substantial rises up to 4060...
in case of 3995 can be defended today!
not until FESX falls below 3900 the long-term uptrend is at risk... and then 3700 is maybe reachable, but I don't expect that next time! from my point of view the consolidation of the huge bull run is gone.

Time will show ;-)  

Sorry for my late answer B&B - I was too busy this morning.
I think that the big consolidation has just started and we have just seen the first part of it.

Actual the FESX is above the 4000 with low volume. Today I would prefer shorts after breaking this level.

Have a nive day!

 

...RSI still confirms the uptrend, just MACD is bottom forming yet. I expect the short-term picture to enhance once the 4040-60 can be surpassed.