Month: April 2012

Dax Outlook Week 18

After a test close to 6’480 the Dax turned and recovered every day from Tuesday to Friday and closed last week at 6’801. Good news during the week and especially good U.S. consumer spending were the drivers of the recovery.

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Dax Outlook Week 17

The Dax made a recovery last week but a lot more than I expected in my forecast (pink) and then instead of falling to lower levels, the index remained sideways closing the week at 6’750 points. The VDAX  fell to

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Dax Outlook Week 16

European sovereign debt fears and disappointing U.S. data led to falling share prices last week. The Dax recovered mid of last week but then reached a low of  6552 on Friday. It has gone through most of the moving averages

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Dax Outlook Week 15

The Dax fell much more than expected last week on the back of the ongoing Euro debt crisis. It broke the supports at 6950 and 6850 easily and closed the week a lot lower than my preferred scenario in red.

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