Germany – from stinky to overloved

For the 8th time in the past 12 years, #Germany‘s DAX Index is registering a weekly overbought reading.

While there is more behind my analysis, this simple study shows that probabilities of a further advance change at this juncture.

Following such an occurrence, we mostly see the #DAX trade sideways, if not lower, for up to 24 months hence.

It’s not a time to chase.

That country #allocation trade began about 20 months in mid-2022.

50% ago.

This note listed that observation.

While the DAX is currently within its 7th consecutive week of higher prices and myopically, it looks like having a little more upside, the ‘fat part of the trade’ has been seen.

March 20, 2024

by Rob Zdravevski

Karri Asset Advisors

rob@karriasset.com.au