4 replies to this topic

[relax]

aren't we going for three dark candles - it's been a while we will not make new highs unless the German DAX does DAX is in the exact same position as S&P 500 - struggling with a top from seven years ago DAX has dropped almost 4 per cent by now, so I think it is a given S&P 500 also drops 3 per cent more at the least that would bring us down to the june bottoms around 1.480-1.490 and I can't help look at the situation once earnings season is over I am sure that the total assessment of earnings season will be that this has been one of disappointment and then there will be fear that the lagging effect of weak GDP growth will hurt earnings even more in the next quarter also there is no rate cut to hope for dollar drop has been positive, so maybe this is the only thing for bulls because with Bank of England, European Central Bank and Bank of Japan all raising rates soon, the dollar is about to get weaker a positive is the commodities, which are still showing strength, but haven't they done that for most of the time despite corrections in equity markets

[Tor]

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Edited by Tor, 21 July 2007 - 12:28 PM.

[relax]

if you don't have anything constructive to reply, well don't post anýthing if you don't have anything constructive to reply, well don't post anýthing

[brasilstocks]

Isn't it usually that we need the US market to make new highs for the DAX to follow? The Greenback has been weak for some time now which didn't keep the markets from reaching new highs.. I think the market priced in no rate cuts for 2007 and further into 2008 I may miss your point..

Edited by brasilstocks, 21 July 2007 - 05:08 PM.

[relax]

sure the dollar has been weak for some time and that has been good for the markets - there is clearly an inverse relationship between the dollar and us equity markets
in fact us markets are not even close to all time highs if you adjust for the drop in the dollar

record levels are just for the press and the public - nothing real about it

the market has priced in a rate cut as a 50 per cent possibility - this went down to zero but went back up

US market making new highs, well trust me DAX will be ahead of the trend or at least ready to follow the move and that is not the case now

DAX weeks ago had problems breaking through 8.130 area - and once it does that it will be because it knows the us market is ready to break 1.555 (S&P 500)

dax is da most intelligent market in predicting the US market

and the US market is the most important global market

Isn't it usually that we need the US market to make new highs for the DAX to follow?
The Greenback has been weak for some time now which didn't keep the markets from reaching new highs..
I think the market priced in no rate cuts for 2007 and further into 2008

I may miss your point..