Monday, December 19, 2011

Dax week 50

Support 5568?

The market has been acting quite difficult lately. Last week it seemed that 5568 is a downside target. Now the market is in a very interesting situation. 5568 is inevitable and there should(!) be a support with rising trend line. If this line breaks then we should see more downside and testing the 5360 lows would be probable. Now it would be nice to have a santa claus rally to begin. Upside target/resistance 5884 -5942 (no more than maximum 6070).