YaKa

DAX Big Picture, 6-Months Strong rally reviews

FX:GER30   DAX index of German listed shares
300 1 7
- Most of the time when DAX             has 6 months strong rallies in new relative territories, it is marked by a period of correction (12 out of 14).

- There were 2 exceptions: Mar97 and Oct05 (2 out of 14)

- In the last 24 years, R3 Yearly was breached only 3 times (Dec93, Jul97, Dec05)

- The R3 Yearly breach only happened 3 out of 24 times and when it happened, it was closer to the end of the year.

- Add a few trendlines and a stretch versus stable moving averages and you get a decent chance of a 10% pullback.
Gweedy
2 years ago
Great analysis. I also get the elliott count to 5 right now. Hitting that top trendline and slowed growth. Might be time for a pullback
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