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Mood!

Thursday, October 30, 2008

DAX time for a correction?


DAX has rallied 25 % off the low at 4000, too much too soon? On shorter term charts also showing a wedge formation (usually bearish), once we break below we should see a correction of this rally - if not new market lows...ALso volume has been falling on the rally...maybe a throwover of top line then - fall..

As I said in previous posts..we need to build a base for a longer term sustainable rally..

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