Wednesday, October 17, 2012


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Wednesday, September 26, 2012

Dax and imminent rebound

Obviously we will see some kind of a rebound tomorrow even the intermediate term trend is about to turn down.

50 day cycle just gave a sell signal.

Dax McClellan Summation Index already made a negative divergence with the underlying index. Currently it is heading down.

It is highly probable that Dax will fall at least below 7200, and then appropriate short term target could be found from a weekly chart. So far Fibonacci level 7037 seems to be enough, maybe even below 7000.

Dax week 39

Dax has had few changes when Lanxess Ag and Continental replaced Man and Metro.

On a weekly chart Dax is still fighting with it's resistance (green descending line). This will soon began to be very tiring and thus increase the odds for the downside.

Friday, September 21, 2012

Dax higher high ahead

Volume index of Dax already reached higher high, which would indicate Dax to close at least above 7500 in a very near future.

Dax 21.9.2012

Today Dax will gap up above 7400, and hence trying to break out into higher levels.

Friday, September 14, 2012

Dax and QE3

Check out the updated gap statistics if we gap up today heavily.