timwest

Bear Market in German's DAX Index, off 22% currently, leads SPY

FX:GER30   DAX index of German listed shares
2078 22 27
The DAX             has peaked before the SPY             (blue line) in the two big bear market drops of 2000-2003 and 2007-2009.

And the DAX             peaked first in this recent peak and bear market, off 24.7% at the lows and off 22+% now.

The US market is nearly 90% correlated to the DAX             , but the DAX             has had deeper corrections. You can see all of the bear markets on the chart. They are labeled in red areas.

What is the odds that the German market ( DAX             ) will be higher in 6 months from now? Reply with your opinion.

Cheers.

Tim
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
nice presentation.
Reply
For less sensitive, I updated my chart and this is what DAX looks like in a log scale.If Euro's low reaches 0.85 DAX could run more above 13000 to 14000-15000. There is no "TIME" at all in the universe time is a kind of human feeling market targets could be achieved quickly by volatility. Be careful with YEN, some people are risking Japan so JPY is gonna to be risk.
DAX and Euro
Reply
timwest PRO Victor.Y.F
Log chart definitely helps the look of the long term trend.
Reply
Thank you sir, people must be positive bc human civilization is creative.
Reply
I think 9300 low of dax I call for a higher DAX in 6 months too
Reply
-38% from ATH would put Dax at 7500.I can live with that :)
Reply
hi. i disagree. i think the dax along with other indexes is in the process of base building. if it can hold at or a little below these levels, we could have a strong rally into the year end. let's see. )
Reply
Nice analysis. my friend.
Reply
dhananjay.d.joshi PRO PooyaSalehipour
This was for whom?
Reply
Dragon1 PooyaSalehipour
what is your idea about dax?
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out