Are we in for an Autumn Rally?

After a tough summer for the stock markets, the autumn outlook is much more promising. The markets have again, since the wave of consolidation, caught up enormously. The DAX in particular could make substantial ground. The NASDAQ direction on the other hand is not so clear cut. It would be risky to assume that recent gains are anything more then an in between rebound. The next few weeks will certainly be an interesting period as the NASDAQ course becomes clearer and more stable. If the markets are able to overcome the current resistance we can expect to see a significant drive take place for a great autumn rally.

 Yours, Oliver Prenn