Wednesday, December 7, 2011

DAX daily..toasted bears on menu?

Yesterday the DAX gapped lower, but today has GAPPED higher..
We are still near the "obvious" resistance" and psychologically many will be looking for the FALL from here.  Maybe.  BUT if yesterday was the extent of the selling and many are short then the SURPRISE move will be higher and once we breach the "obvious resistance" the next level will be 6400 fairly quickly, where we may pause and trade in the "RESISTANCE AREA" ie 6150 to 6400.

Tomorrow and Friday keep eye out for headlines from the EU summit!

Reading a few blogs, seems like everybody is looking for the markets to fall from here...(contrarian signal)

as always be prepared !!  ie PLAN B!!

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