Saturday, September 17, 2011

Dax technical picture week 37

This is an update to my previous weekly picture from couple of weeks ago:

It seems that the rebound has been highly anticipated. Anyway the index dropped to even lower levels than previously expected. The sentiment is getting a little bit positive because investors seem to get frustrated about bad news. It is still expected that the index would reach 6000 level. Longer term picture has still negative outlook, thus be careful during this rebound.