Dax Pullback

Discussion in 'Index Futures' started by no-problem, Feb 22, 2006.

  1. Here is an interested article.

    24.02.2006, 13:23 o'clock
    DAX, correction is unavoidable
    Option letter

    The DAX is in the final phase of the running super-rally and from a standing position the next thousand mark notes brand can be tested, the experts report about the option letter.

    In six seven meetings between 13. and him 21st February the Vierjahreshoch has been pushed in each case "marginal" upwards. However, besides, the closing prices would have lain only 47 points apart with which the dynamism of the past weeks has clearly weakened. In the middle of the current week the market "shot" according to the observers, nevertheless, with a strong day profit of more than 1% on 5.862 and takes up with it again clearly in journey.

    In the opinion of the experts with the option letter the German share index is further in an exaggeration phase. Since April a plus of 40% and outgoing is calculated from August, 2004 the market even 61% could increase. Besides, the day line 200 überkreuzt has become in October, 2004 with at that time 3,960. Meanwhile the distance amounts to the long-term average already more than 16%. Besides, the course runs nowadays more than 400 points above the decisive medium-term upward trend canal.

    On account of the development the analysts hold a violent correction for unavoidable with the option letter. On this occasion, the lower limitation of the trend canal is possibly tested once again with the 5.000th brand. When and where the starting signal falls to this correction, however, is not to be forecast from today's view, because 1.000th borders would exercise huge attraction according to opinion of the commercial experts on the market participants. Therefore, even a short excursion about this hurdle is conceivable with a test of the 6.000th brand. Indeed, the final phase of the "Super-Rally" should find at the latest 2 to 3% above this border her end, according to the strategists further. However, on this occasion, it concerns the highs for the next 6 months, because the final break will succeed according to their appraisal only after the summer correction in the fourth quarter or in spring, 2007.

    http://www.derivatecheck.de/home/default_Stat.asp
     
    #11     Feb 24, 2006
  2. Finally we saw some pullback. Hope it will continue till hit 5500 area.
     
    #12     Feb 28, 2006