brianhimmelstrupnielsen
Short

DAX 8 year history lesson (on monthly candles)

INDEX:DAX   DAX Stock Index
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.
Why? QE. Don't worry and carry on.
Reply
brianhimmelstrupnielsen VladimirTeleborg
QE doesnt do the trick, but it DO inflate this ASSET BUBBLE to higher levels, therefore a bigger correction/crash awaits.
Reply
VladimirTeleborg brianhimmelstrupnielsen
Agree, but we are just 2 months of QE. We will fall hard, but later.
Reply
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