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Old 10-08-2007, 06:43 AM
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Re: Anyone trade the index chart?

this is just the resulted opinion of my own experience trading dax during 2 years.

about the trend, i am an expertise reading elliott waves and i have detected that the waves of dax and the waves of future dax are the same. the difference between the first ones to the second ones is that the future dax waves are normally complex waves instead of the simple waves of the dax index but, at the end of the movement both (the dax and the future dax) have done the same path. dax waves are normally, 1 to 5 and abc and future dax is more usual to see correction waves like abcde or 1 to 5 but with more extended waves than the simple 1 to 5 of the dax index waves.

about the gaps, the dax index has big open gaps almost everyday and this is how i have seen these gaps influence the behaviour of dax futures during the session.

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