Dennis,
here you are:
marketinfo.deutsche-boerse.com
Unfortunately it is in German. You can download the pdf-file.
The problem about this indicator is that it was introduced this year so there is no historical data available. The indicator is published on a weekly basis. Investors are asked if they expect higher prices on the DAX within 30 days. Wednesday reading was at 59%. To my mind there is too much bullishness. I just bought puts on the 4% spike. If I had held the calls I sold out this morning I would have had a decent profit. Looks like I threw in the towel too early on my bounce scenario.
Another indicator (on a humorous note):
boerse-aktuell.com
The guy is the German godfather of the buy and hold approach. The secular bear can only end when this guy turns bearish. He is advocating a growth stock approach. I used to get his magazine. Stocks he used to recommend when I was a reader were GE, PFE, SGP, KO, PEP, MO, MCD and DIS to name a few.
I am looking to buy German stocks, too. But first I want to see the 2500 barrier taken out in the DAX. Next support would be 2000 points. Once 2500 breaks 2000 will approach fast in my book:
stockcharts.com[w,a]maclynay[d19901010,20021010][pc20!c50!a2000!d20,2!a2500!f][iut!Ub14!La12,26,9!Ll13!Lh14,3]&pref=G
Hope this helps. Best,
Neville |
