dax reversal
i think the correction in the dax is about to be over - yesterdays breakdown because of strong euro and northcorea worries is about to reverse.
i guess this could be kind of double bottom around 11900--moreover we crisscrossed the 200ma line, a level not touched since more than a year...)
allthough i do not expect any strong moves to the upside before the german elections are over (24 of sept).
another cathalyst is quite sure the dollar-euro exchange rate..
(so i will carefully watch the next NFP data on friday for clues of how the fed might react in the next months..)
i guess this could be kind of double bottom around 11900--moreover we crisscrossed the 200ma line, a level not touched since more than a year...)
allthough i do not expect any strong moves to the upside before the german elections are over (24 of sept).
another cathalyst is quite sure the dollar-euro exchange rate..
(so i will carefully watch the next NFP data on friday for clues of how the fed might react in the next months..)
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