The Dax continued its steeper and steeper uptrend during last week, meaning my porgnosis of a consolidation was definitely wrong. On Friday better US jobless data fuelled a rallye in the Dax causing it to rise about 100 points. The …
No new lines added to the chart this week, as it seems we have enough lines on the chart . Last week the uptrend continued and even got slightly steeper (when looking at the lows). The Dax broke through the …
Last weeks preferred scenario (green dotted line) did not really materialize in the market. The Dax did not trade down but instead shot up to highs of around 6430 by the end of the week on the back of good …
Last week the Dax behaved quite well even overshooting the preferred scenario (green line) until Friday when bad news on Greece darkened the picture again and initiated a sell off. The VDAX dropped from dropped further to 24.9, RSI is …
Market participants obviously decided to launch some firework at the first trading day of the year. The Dax gapped up to a high of 6179 that day and clearly broke out of the downtrend and through the moving averages for …
Happy New Year!!! Last week the Dax endet flat, starting the week at 5900 then dipping to a low of 5771 before recovering back to 5898 and closing there. All of that happening on lower end of year volumes. The …
This is gonna be a short one because of Christmas holidays. The Dax managed to gain some ground last week and recovered to 5878 by the end of the week. The VDAX fell to 25.77 signalling a more bullish environment, …
Right at the start of week 50 the Dax lost quite some ground and fell below the moving averages. For me the prospect of a year end ralley becomes more unlikely now. In the coming week 51 I can see …
Week 49 opened around 6137 and after reaching a high of 6170 on the same day, the market just went downwards going towards the levels before the previous weeks jump. The rise above the 61.8% Fibonacci level probably took some …
The band continued to play on, even as the bow dipped lower and lower. Week 48 really started strong and later on when Central Banks announced ther combined effort to fight the crisis by bringing down swap rates led to …