Germany DAX 6000

The DAX broke through resistance at 5850/5900, offering a target of 6500.  Reversal below 5600 is unlikely, but would warn of another correction. I use the Weekly 10ema(5778) > 20ema(5622) as a Guide to market direction. It gave as SELL signal in Jan08 at 7750 and a Buy signal in Apr09 at 4600. Sell signal was nearly triggered in July09 at 4700 which was the only week when the market closed below the 20ema, which was 90days after the March weekly low 3600.  16th November (5800) was the start of the next 90 day cycle. Peak of 6000 was reached on 30day

Looking for the DAX to test Daily 20ema (5857), possibly 5750-5800 early in Jan, before hiting a peak at 6200 (45days) on 22 Jan, then pullback to 5900 (60 days) in week ending 12th Feb. A move up to 6300 should follow within 2 weeks, before retesting 5900 by first week of March. Target is 6300 by end of March and 6500 by first week of May.

Plan for January 2010
BUY @ 5750  SELL@ 6200