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DAX forecast for coming week ended 30th November, 2012.

In my last review I was expecting that Dax may test 7000 levels and I was also expecting this probable bounce. 
Last couples of days were good for Dax but so long it maintains around 7150 levels it has the option of testing higher levels. There is chance of making a positive pattern if Dax able to test around 7400 ranges.

But here things will be different if Dax also follows the trend like other stock indexes which is making lower highs and lower lows. In that case we may not see more up movements but all this probabilities will become negative if Dax break 7400 level.

If Dax fails to stay above 7150 levels then it may drop to test 7000 levels again. Here I must say that like other leading stock indexes Dax has not much option in the downside so it makes Dax better that others. In the downside I will be concentrating on 7000 levels.

NOTE Please see the disclaimer of this blog.          

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