This DAX level will surely surprise you

Look, if you take a close look at the fundamentals it makes no sense for the DAX to be rising to set fresh records right now. Taking the Buffet market cap/GDP ratio it is already overvalued. However, at the moment that does not seem to be having any kind of impact on the immediate price action. Now, earlier this week the index did not stop at a significant technical level, at 19,862. As you can see, the index has brushed that aside. So, turning the ultra long-term projection on the charts going back many years, the wave count is suggesting this might continue to extend. The potential long-term target for such a projection (if correct) could suggest the DAX might have the potential over time, to rise to just above 27k. Wow, that seems crazy here and not something that can be endorsed, or advised on here by any means. So, please do not assume that is where it is headed and besides, even if it is, it sure will not be in a straight line folks. That said, look at it right now- onwards and upwards, as the index pushes towards new records above 20,180