Friday, 1 November 2013

Dax

Unlike other markets there is still no real reversal pattern on the Dax,so I remain convinced this is a key market to monitor if we believe ,as I do,that markets are making some kind of top here. The Dax may still need to hit the square of 9 targets above 9100 posted earlier this week before we see a decent reversal pattern.It may be the market is awaiting next week's ECB decision next week before showing its hand




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