French and Greek election results have spooked the markets. With the Euro breaking below $1.30 today and heading for $1.25, the DAX looks like it may retest 5000 again by mid June. Bulls need to see the market hold above 6400 level or a repeat of the 1400pts fall seen last August could happen. Daily close today (07 May) above 6430 spike high on 28 October 2011 and weekly close above 6500 is required this week for the Bulls.
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