Elliott Wave Analysis of Germany’s DAX index
Elliott Wave analysis of the German DAX (DE30) index would have guided us well ahead of time about the deep correction that is underway in the European stock markets. This post discusses how we could have used Elliott Wave analysis to anticipate key turning points in the benchmark index, and taken steps to lighten our…
Continue reading →From an Elliott Wave point of view, the recovery in the Gernam Dax index from its June 5, 2012 low of 5914 does not look like a third wave. In addition, the prior recovery from the September 2011 low of 4965 to 7194 looks like a three wave movement, followed by an overlap. Thus, while…
Continue reading →Back in Dec 2011, I posted my Dax index outlook using Elliott Wave analysis, more with an intention to teach how we could apply the Elliott wave Principle than to forecast. I proposed a bearish count, but the index recovered more than anticpated. Now is a good time to review the movements from the low…
Continue reading →How bad can it get for the European stocks during this ongoing crisis? In particular, can Germany’s DAX index weather the storm? When one thinks back at how nicely the US stock markets performed during the last couple of years, I am probably going to be frightfully wrong with this analysis. Yet, you should be…
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