Flat high to take out short term stop. Move down to take out flat stops below.
Trend view since September - good chart to note down.
If we get this ever elusive Greek deal and we move to around 12500 area / one more leg up, I'm shorting the dax like my life depends on it - we are in for a massive correction to that 7500-8000 area - look at the trend since 2002 we are way out of sync with the trend channel
Very simple trend channel chart. We said it'd touch 10650 before rebounding to test the bears @ 11420 area. Dax has successfully done that now. Make or break next week. A rejection of the the deal proposed will see the dax see a huge sell off to that 11320-450 area where there is horizontal support and trend support. It was also a previous breakout areas....