jungerns
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Re: DAX Analysis 02/01/2012
As this has piled past your stop has your view changed or are we extremely ripe for a reversal here ??
The DAX failed to confirm an hourly closing above 6526 plunging instead lower. In the s/t charts we have now a potential S_H_S formation with the neck line at 6440. A break below this line will support lower levels, probably toward a target at 6250!!The indicators of the daily chart are still well positive but also still showing overbought conditions and potential negative reversals. Those of the s/t ones are instead negative supporting lower levels with already s/t target at 6418. We shorted the DAX this morning at 6481 for a test lower putting an initial stop at 6539 that we want to lower a.s.a.p. Read more Stock Market News
As this has piled past your stop has your view changed or are we extremely ripe for a reversal here ??