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.
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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