Tuesday, April 24, 2012

DAX...watch the vacuum below!


The DAX is again testing its 100day moving average and looks fragile, at best. If the index closes below this level, whether its today or one day soon, watch for a quick fall towards the 200day moving average near 6200. Currently the 200day sits approximately 4.5% lower and between here and there it is essentially a vacuum with no support. Look out below - Gefahr!

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