Tuesday, March 27, 2012

Dax indicators 27.3.2012

Dax still has negative divergence with indicators. Even the divegences haven't been working out lately, this should be treated with cautious.

Dax had two 52 week highs, which is a bullish signal. 

20 day cycle seems cautiously positive, even the latest performance hasn't been clear.

Dax Cycle Indicator is based on 2 month price behaviour. Nor does this indicator gives clear direction. 

Dax Volume Index has lately acted in unison with prices.

Today's index setup will be to close the long position with index at 7170 or near close and then take short position for two days.