Volkswagen AG (VWAGY)

[ronk]

Consumer confidence will drive sales. There are 11 million drivers on the road that will probably not be returning customers. There are current potential buyers that won't be setting a foot in their showrooms. With a lack of confidence, coupled with uncertainty regarding financials, sidelines are a safe place to be, imo. Chart says nothing about buying to me.

http://stockcharts.com/h-sc/ui?s=VLKAY

The weekly chart's even more disturbing and that's the chart that big money follows.

(I might buy a 2015 pasaat in the spring though.)