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 …
Tag: Dax Outlook
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 …
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. …
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 …
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 …
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 …
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 …
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 …
Dax Outlook Week 09
Instead of going down and then recovering, the Dax decided to go up first then retrace and then recover again. The VDAX eased further to 20.83, RSI is in the neutral zone and the MACD still in bearish territory. A …
Dax Outlook Week 08
My prognosis of a retracement was definitely proven wrong last week. Whilst being sideways at the start, it opened lower on Thursday but recovered sharply during the day and also on Friday. ECB starting to exchange Greek Bonds as a …