If broken, it will allow to get out of the 2009 Cone: a major technical event.
Then there could be a few more rebound on 1960 (Yearly ) before a callapse after the Sep15 expiry: a repeat of last year sequence but deeper this time.
I am not certain of this scenario but it is realistic once DAX has reached 13,000... especially a few months after that.
- SP500 more or less reached its top a few months ago.
- Nasdaq is carrying on at or more modest speed.
- DAX could still be ballistic until Jun15.
- Nikkei just reached its top area.
>> After DAX potentially reaches 13,000... all indices will have reached their top area...
>> A few months after that is when the market can fall hard (not straight away).
I like your convinced attitude and your optimism. This is officially still a but market and I am open to your scenario.
There will be legs up until September that I foresee and will play long.. Let's see how far they bring.
However, I have been listening to the pulse of our patient for a bit and really can't see where it is going to take the lift much higher from.
I think the correction is not over here> 2010/1960 target and I think 2140 would retain in June (the best case at that point of time (not now).