DAX Projection:
July 2017 - 13,434
With a few speed humps along the way, I see its velocity average at around +35pts a week. Currently tracking at around 82 points a week.
My only major concerns are US correction, as it seems overdue. Never has it gone beyond 7 calendar years without a correction, guess what, we are in its 7th year. Just shows you what QE can do with asset values.
July 2017 - 13,434
With a few speed humps along the way, I see its velocity average at around +35pts a week. Currently tracking at around 82 points a week.
My only major concerns are US correction, as it seems overdue. Never has it gone beyond 7 calendar years without a correction, guess what, we are in its 7th year. Just shows you what QE can do with asset values.