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[andr99]

looking at the dax which has let me find out the 2011 top (though some months in advance...in which in any case it went sideways......and not up), there are two possible outcomes for stock markets :
if the dax is repeating its 2011 behavior (with just a little difference in the head and shoulder alike configuration) as the resistance touch of the zero line in the indicator could suggest, markets are already done or very very close to be
(in the chart circles mark resistances, rectangules mark supports)

http://upload3r.com/Aofn

instead if the zero line is going to be overcome, the dax indicator could be pointing towards one of the two lines of dynamic resistance charted below (the upper one is its long term resistance marking all the long term tops). This second scenario would see the stock markets rise another bit and then begin a sideways comedy, as it was before the 2011 drop, until the elections are out

http://upload3r.com/eodT




left click on images to enlarge them

Edited by andr99, 03 February 2012 - 04:35 AM.