Wednesday, March 14, 2012

Dax volume index 14.3.2012

Volume index has almost faded out the negative divergence with price index. Looks like it tries to confirm 7400 for Dax.

We have entered the maximum area. Here we can expect higher highs, but when we get out of this area, the fun ends.

Currently the probability for Dax to close higher than 7079,4 is 74%. Average rise for the next 3 days would be 1,18%, so at the moment it seems likely that Dax would climb higher than 7162, thus returning into a longer weekly based uptrend.