"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Monday, May 7, 2012

German DAX do or die

Europe is coming apart at the seams and the DAX is down only moderately at 6529 this morning.  It needs to hold this area (around the EMA 200) to avoid a bearish pattern per this chart from NFTRH186.













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