The DAX as you can see initially tried to rally during the course of the
week, but was be back at the €9900 region. The resulting candle is of
course a shooting star but it sits on top of a significant amount of
support in the area of €9600. With this, we feel that the market may
continue to test support, but we feel that there is plenty below and
therefore have no real interest in selling this market. With that, we
are waiting on some type of supportive candle in order to go long again.
