Thursday, 16 February 2012

Watching the DAX on a close below 6700

German DAX 6758 has been a leading indicator of any move up or down. If there is a close below 6703 (10ema) in the next few days, it will be the signal to go Short for the next 3-4 weeks. Initial target is 6400 with a maximum downside at 5800.

Only a break and close above 6840 will indicate a continuation of the Bull market since September low of 5000

No comments:

Post a Comment