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Thursday, March 10, 2011
How Long Before Food Poisoning
Dax worsening towards the 7000 points.
the Dax was unable to overcome the dynamic resistance of the very short term bearish and has weakened further in the session today, falling below the first level of support static we had indicated at an altitude of 7090 points. The intraday volatility is low, and the spinning top indicates the direction is still indecision. The technical scenario could still be weakened and it is clear from the graph: the index has abandoned the medium-term uptrend that accompanied the rise since the summer of last year, although the turnaround would be completed only by the descent below 7000 points. In this case, the first targets were identified in 6850 and 6700 points. The estate of 7000 could encourage some speculative buying instead for a technical rebound towards the area 7225. Positive signs for a resumption of the trend comes only with the excess of 7300 points.
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