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The DAX as you can see fell during the session after initially trying to rise. However, in the end the market essentially sat still and has formed a hammer. This hammer shows that the €8450 level should continue to be supportive, and because of that a break of the top of the candle is what we need to see in order to go along. Going forward, we fully expect this market to continue going bullish, and as a result we will not sell it. If the market falls, we will look at that as a buying opportunity.
DAX Forecast September 13, 2013, Technical Analysis
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