Month: May 2012

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Dax Outlook Week 22

The Dax rose nearly to 6’400 last week but wasn’t able to hold the gains and closed the week around 6’340. Discussions about a possible Greek exit of the monetary union were bringing hsares down. The VDax dropped slightly to

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Dax Outlook Week 21

The Dax continued to fall throughout last week marking lower highs every day. It closed the week at 6’271 points. The VDax rose tp 27.65, the MACD continued bearish and the RSI shows an oversold situation. For the coming week,

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Dax Outlook Week 20

Last weeks prognosis proved wrong. The Dax went straight down and marked a low of 6’375 on Wednesday but then closed at 6’579. Market participants are still feeling insecure about the current situation in Europe. The low on the 9th

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Dax Outlook Week 19

Despite the bank holiday on 1st of May, the Dax moved more than 300 points last week undershooting my prognosis(turquoise). It went through the 6’600 and hit the top of the previous downtrend at 6’546 before recovering slightly. Most likely

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