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DAX30 has been labeled within a Sub-Millennium degree wave 5 (blue), which has been unfolding ever since the 2009 bottom, when the Recession ceased.
Structure - Ending Diagonal
2009 lows and up until Apr 2015 peak - Grand Super-Cycle I (green)
Apr 2015 peak...
Here we come again with extraodinary forecast, as usual. We update our long-term view on DAX 30 Index.
Our last year suggestion was a large H&S pattern. But it had one weak moment - Dow Jones has not completed all time extension target, while all other major indexes, such as DAX, NASDAQ already have done it.
We've made a forecast on DJIA few...
From 2015 on, Big banks have BEEN at it with multi-billion dollar sales of new synthetic CDO product (Bespoke Tranche Opportunities), as well as "loan pool auctions" by Freddie Mac and Fannie Mae, that essentially repackage defaulted loans and re-sell them for more risk averse investors. This has continued to make our financial institutions rich, as you can easily...