Saturday, 8 September 2012

Dax weekly

A marginal new high,unconfirmed by macd,with resistance just above from the long-term trendline and resistance from 7200 which is 2x the low. No sell signal yet but watch for one very soon. There is resistance at 7443 (1.5x 4962 low) and measured move resistance 7393 (first range from 4962 was 1480). 7391 is 1.25x 5913, so all in all 7390-7400 seems possible target,perhaps early next week.




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