Will we see all time high soon? The chart is beginning to give an indication of higher high level if the rest of the week continues to advance. Currently we are trying to break above 7400, which would lead to 8000.
McClellan Summation Index indicates that the trend is up.
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50 day cycle indicates that the trend is up.
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I would like to see 100% of Dax stocks abobe their 50 day moving average before intermediate term topping process.
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Only concern is that the current shorter term risk cycle isn't behaving normally, although the current situation isn't normal either. Anyway, market has been pricing QE3 for a while and when we got it, Dax could pullback soon -2-5 %.
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