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
Comments
timwest
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And the whole rally appears to be an 5-wave pattern - which might catch some attention at some point!
timwest
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Wave 3 of 3 is not very "impulsive" - which is a problem with this count
timwest
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Given the lack of IMPULSIVE action in wave 3 of 3, here is the alternative count, which makes more sense...
timwest
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I'm just posting this as I put it together - so - feel free to comment. I don't OFTEN use EW in my analysis as I only really trust Glenn Neely of neowave.com to confirm EW patterns. No one in the world is better at EW than him. I've seen his work for 27 years and if there is anyone that can prove that they are more accurate than him, then I will lay down my sword.
Copywryter06
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Dax futures looking strong
bitcoinfromIndia
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will be tough to put in a rally under wave 5 imho. for the rally to come about euro will have to fall to 1.0
mazdaki
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nice presentation.
Victor.Y.F
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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.
timwest
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Log chart definitely helps the look of the long term trend.
Victor.Y.F
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Thank you sir, people must be positive bc human civilization is creative.