DAX - Merkel better send in the PPT - Macht Schnell!

With the oscillator below entering the danger zone and just about ready to turn down, Ms Merkel better think about sending in the Plunge Protection Team to prevent the DAX from testing 6000 and eventually collapsing towards 5500 or lower. Yes folks, things are deteriorating in Europe rather quickly if you haven't noticed.

As I have said in the past, without the DAX and without China's Shanghai Composite, our own broad market S&P will NOT be able to have a sustainable rally. This chart, and especially the oscillator, looks eerily similar to some of our own stocks and ETF's.

Remember the trend is your friend, and right now its down, so play it that way.