Saturday, May 22, 2010

DAX Daily Market Thought 25052010

In friday trading session DAX hold again lower band of this channel, last swing down 5665 and EMA200.
Hourly chart dax still having problems to stay must time above 5870 ( last two sessions).
A clear break below the trend-line versus last downswing 5665 warned of a secondary correction.
A Breakout of 5665 and much important a close daily below 5598 >> Minimum target for now [5250,5300] possible extensio to 5100.
Click to zoom in.


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