Month: March 2012

Dax Outlook Week 14

The Dax celebrated a strong recovery from last week’s losses on Monday and peaked on Tuesday not being able to sustain levels above 7100. My prognosis of a rise at the start of the week and the gradually giving up

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Dax Outlook Week 13

Marking the high of 7194 on 16.03. which looked quite like a Shooting Star (long shadow to the upside) and  was really a sign to move into correction mode. The Dax lost around 230 points. The Dax broke through the

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Dax Outlook Week 12

After the recent pullback the Dax started off and rose from 6869 to a high of 7194 last week. It could not sustain this level and eased slightly to 7158 by the end of the session. Still a massive gain

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Dax Outlook Week 11

The DAX fell off sharply last week. Although the preferred scenario did not materialize, the second scenario did. The index broke 6850 and fell to almost 6600 on 07.03.12. The VDAX recovered during the week to 19,81, RSI is in

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Dax Outlook Week 10

The Dax still traded below 7000 last week. The current situation would make a test of the 7000 very likely, although last weeks high was 6974. The VDAX fell further to 19,41, RSI is in the neutral zone and the

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