DAX is trying hard to break 7000 level but in spite of being in technically better position, it failed to perform like DOW. I am talking about breaking specific level (psychological!). As we know that both US and Euro zone are in bad condition, but DAX is not getting better picture like US economic reports. DAX can still test 7000 level but for that it needs some good news.
On the other hand we all know that it is in overbought condition, so if any bad news comes then it may test 6650. But if it completely reverses its position, then it will get initial support around 6450 and then at 6100.
(For weekly stock market review - World Equity Market: Stock market review (weekly) after 2nd March ...)
NOTE: Please see the disclaimer of this blog.