Wednesday, December 21, 2011

Dax intraday 21.12.2011

The previous resistance at 5767 was broken aggressively. Let's see if it will act as a support for now on. Now it is obvious that the ceiling is at the rising trend line near level 5950. The indicators are quite overbought, and yesterday was strong up day. Usually after such a day, we should see see some weakness and condsolidation. If we remain in a short term bullish term, 5844 would be nice level to go long again.