brianhimmelstrupnielsen
Short

DAX 8 year history lesson (on monthly candles)

INDEX:DAX   DAX Stock Index
489 3 2
DAX             history lesson:
Only 3 times with 2 closing candles OUTSIDE the bollinger band . Firstly in 2001 after tech bubble. Secondly before financial crash 2007....Thirdly in late 2008 during crash.

TODAY we're looking at allready 2 candles closing ABOVE he upper bollinger band , and a third forming with only 6 trading days left of the montly candle. Bollinger top right now is at 11671. DAX             is at 11939.
We should see a close within the bands, and a correction afterwards, to get the DAX             back into the bands.
VladimirTeleborg
2 years ago
Why? QE. Don't worry and carry on.
Reply
brianhimmelstrupnielsen VladimirTeleborg
2 years ago
QE doesnt do the trick, but it DO inflate this ASSET BUBBLE to higher levels, therefore a bigger correction/crash awaits.
Reply
VladimirTeleborg brianhimmelstrupnielsen
2 years ago
Agree, but we are just 2 months of QE. We will fall hard, but later.
Reply
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