Hyper bull market for DAX
DAX stay in strong uptrend making new records.
Dragi his plan is working fine. There is no alternative for stocks, so everybody buy the markets higer.
Uptrend from 8500 to 11400 is a big jump. Many trader burn on shorting last week.
So we wait if dax is creating a big end tail now
1 big event is what we need for big correction.
So staying neutral until Greece put his cards at the table.
Technical is this market overbrought but trend is very strong upwards.
If there is retracement DAX have support at 11000 and the 2011 trendline.
Dragi his plan is working fine. There is no alternative for stocks, so everybody buy the markets higer.
Uptrend from 8500 to 11400 is a big jump. Many trader burn on shorting last week.
So we wait if dax is creating a big end tail now
1 big event is what we need for big correction.
So staying neutral until Greece put his cards at the table.
Technical is this market overbrought but trend is very strong upwards.
If there is retracement DAX have support at 11000 and the 2011 trendline.
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