analysis Archives

A bear market is in

Posted by truman52000 | Mar 14, 2020 | Dax | 0

Unprecedented detachment from reality.

Posted by truman52000 | Jul 6, 2019 | Dax, Dow | 0

A few levels to keep in mind (DAX-DOW-GOLD)

Posted by truman52000 | May 19, 2018 | Dax, Dow, gold | 0

DAX possibly regaining some ground next week

Posted by truman52000 | Mar 3, 2018 | Dax | 1

Everything is changed and Dax and several others indices entered in a bear market and for good.
We are experiencing very high levels of volatilility with the Dax topping 1000+ pips a day.
Things will calm down but this wouldn’t mean a rapid recovery. At all.

Unprecedented detachment from reality.

by truman52000 | Jul 6, 2019 | Dax, Dow | 0

This week ended with Wall Street printing a series of all times high on all three major indices. Cool right?

If an alien just arrived in the USA he would think that the economy there is roaring at full speed. Probably expecting rather normal interest rates at around 5%, a wealth distributed on a large part of the population and so on.
Wait as this is not the case. The FED signaled a very probable rate cut from current (low) 2.5% on the next meeting at the end of July as the american economy showed signs of tiredness with several macros indicators deteriorating fast.

DAX update (and is not pretty)

by truman52000 | Oct 14, 2018 | Dax | 0

Just a quick update for a meaningful Dax movement I was expecting for. The head and shoulder pattern unfolded breaking the neckline at 11700 and at the same time a medium term upward channel (1).

A few levels to keep in mind (DAX-DOW-GOLD)

by truman52000 | May 19, 2018 | Dax, Dow, gold | 0

One of the most important lines to keep well in mind when trading are undoubtebly historical levels of support and resistance that proved to be key signals for a long or short position. A broken resistance or support or a rejection would give a major hint on the direction of a trade. Trading the smaller timeframes having in mind a broader perspective doesn’t hurt at all.

DAX possibly regaining some ground next week

by truman52000 | Mar 3, 2018 | Dax | 1

Really a bad week for the DAX, that broke the 12K mark and has been hovering below, and regained the level just on the futures market helped by Wall Street recupering ground in the final hours. Technically the DAX has broken the bearish flag on the daily chart.

And up again!

by truman52000 | Sep 17, 2017 | Dow | 0

The DOW squeeze was ready and it worked (unfortunately on the other side I imagined to…).

Dax consolidating recent gains

by truman52000 | Sep 17, 2017 | Dax | 0

Last week dax has been clearly ranging in a tight channel 12500 -12560 that is very likely a bullish flag.

Dax shows the muscles

by truman52000 | Sep 10, 2017 | Dax | 1

Dax put the head of the muddy waters emerging from the short term weakness and recupering both the 50 and 100 days moving averages. Momentum has been strong and the index was the best performer in Europe.