MARKET REVIEW: BEARISH (13.04.2008)

SUMMARY

CRB Index versus Bonds=>bullish
CRB index=>Bullish
Bonds=>bullish
Oil=>bullish
Gold=>Bullish
US Dollar=>bearish
DJ Ind.Average=>I did not analyse this
S&P500=>I did not analyse this
NASDAQ=>I did not analyse this
VIX=>bullish

The short-term (1 week) message is bearish. (Major trend is down)

DAX STAGE ANALYSIS



DETAILED

CRB INDEX v.s. BONDS



CRB Index



Bonds





Crude Oil - Brent





Gold (fixing)





US Dollar





VIX