Geert2000
Short

DAX ,the sky is the limit

FX:GER30   DAX index of German listed shares
dax
96 0 2
dax
Dax             hit the 1.618 fib and up 42% from the oktober low and is now 21% above the 50MA
It still has some room to hit 12200 by end this month according the cross of the red an blue fork.. A small pullback from this level wont be abnormal.A pullback to 10800-10600 levels.
DAX             will stay in the 2009 channel and 12600 could be seen as an absolute top but with QE             ,you never know.
If we count 10% from the january low we will end around 11000 end this year and we wil be trading below 10k again during this year.


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