German DAX Meets Our 9400 Upside Target
Posted on: Monday, December 2nd, 2013
The German DAX Index met our 9400 initial downside target on Friday, first mentioned in our January 2nd Keys To This Week, yesterday, to capture a 21% advance in 11 months.
We have been particularly interested in the DAX this year because of its tight and stable positive correlation to the S&P 5oo at various intervals since 1990, most recently 97% since October.
During the same 11-month period, the S&P 500 has risen by 24%.
All Contents © Copyright 2005-2017 Asbury Research LLC. The contents of all material available on this Internet site are copyrighted by Asbury Research LLC. unless otherwise indicated. All rights are reserved by Asbury Research LLC., and content may not be reproduced, downloaded, disseminated, published, or transferred in any form or by any means, except with the prior written permission of Asbury Research LLC., or as indicated below. Members of Asbury Research LLC. may download or print web pages for personal or academic use, consistent with their user agreement. However, no part of such content may be otherwise or subsequently reproduced, downloaded, disseminated, published, or transferred, in any form or by any means, except with the prior written permission of and with express attribution to Asbury Research LLC. Copyright infringement is a violation of federal law subject to criminal and civil penalties.