DAX 40 TECHNICAL ANALYSIS SHORT TERM VIEW
DAX 40 has made irregular correction as marked by abc shown in graph so it can rally sharply above 16530 levels .Last wave c is already completed or very near to completion and it has maximum limit 14950 levels generally .Whole uptrend has important support 14677 to 15345 level and reversal point is 14677.Both the probabilities are suggesting buying with first stop loss 14900 for main target 16530 and final stop loss is 14600 for overall trend.
QUICK FUNDAMENTAL LOOK
Germany's DAX index declined 0.65% when trading closed Friday, joining a global retreat as market watchers shrug off the eurozone's slowing inflation rate amid China's growing economic woes.
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