Month: December 2011

Dax Outlook Week 52

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,

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Dax Outlook Week 51

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

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Dax Outlook Week 50

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

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Dax Outlook Week 49

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

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