christian.langfors

~1 MONTH TERM DAX OUTLOOK

FX:GER30   The DAX Index
210 0 4
The little longer term DAX             outlook, as I see it, is more down. Based on the price action only, I would say this is still the first leg down in a bigger move down.

I'm expecting a "relief" rally (or short covers, call it what you want) to approx. ~9 700 and then more down (current estimate below 9k based on current chart pattern). But time will tell and only mr. Market knows for sure!

GL and be careful right now!!
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