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Home > European Markets
(Video) Germany's DAX: "Bullish Possibility Has Faded"
EWI's Tom Denham shows the DAX's bearish wave pattern in this June 24 video.

By Vadim Pokhlebkin
Tue, 06 Jul 2010 13:45:00 ET
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After spiking to 6359 on June 21, Germany's DAX, the European Union's benchmark stock index, has fallen to as low as 5826.

That's a 533-point, 8% loss in less than two weeks.Was there anything that could have warned European investors of the decline?
 
According to Tom Denham, European-hours intraday editor of Elliott Wave International's Stocks Specialty Service, yes. Tom explained to subscribers the DAX's bearish near-term Elliott wave pattern in a June 24 video.
 
 
Stocks Specialty Service is designed for active global stock market investors. Details.

 

Tags: DAX, European Union (EU), Elliott Wave Principle
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The Elliott Wave Principle is a detailed description of how financial markets behave. The description reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific Elliott wave patterns in price movements. Each pattern has implications regarding the position of the market within its overall progression, past, present and future. The purpose of Elliott Wave International’s market-oriented publications is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle. While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will Elliott Wave International make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. Investing carries risk of losses, and trading futures or options is especially risky because these instruments are highly leveraged, and traders can lose more than their initial margin funds. Information provided by Elliott Wave International is expressed in good faith, but it is not guaranteed. The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities. Please ask your broker or your advisor to explain all risks to you before making any trading and investing decisions.
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