May 26, 2010

DAX - Possible lateral track next weeks in wide range

DAX's reaction last week was very calm comparing it to the rest of the world indexes. DAX is one of the EU indexes which can give a clue for market direction before the others. As you noticed NASDAQ100 refuses to decline as well, and bravely defends its low since 5/6/2010. That also should be a clue for the US indexes.
     I came up with a completed flat correction, where the situation offers clear day trading buy entry.
Good luck!
P.S. Today is the monthly full moon cycle. That usually makes the bulls more aggressive!

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