Friday, May 18, 2012


DAX still on a sell after breaking 6400...
If nimble can trade it from long side BUT TREND is DOWN...beware!

STOP for shorts  6450

Could rally to test 6400 again..(dependent on performance of US mkts)

DAX daily

DAX 30 mins

The trend is down , interesting that each retracement is testing the 61.8 % fib retrace
So has room to go to 6370 (if it carries on following the pattern)

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