(Bloomberg) -- Germany’s DAX Index is poised for a year-end rally if it breaks through a resistance zone between 5,843 and 5,890, according to a technical analyst at DZ Bank AG who looks at chart patterns to predict market movements. Using Fibonacci projections, DZ Bank’s Dirk Oppermann sees a target of 6,050 for the benchmark index by the end of 2009 or January, representing the 161.8 percent retracement level derived from “mid-November’s consolidation move,” he said.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=abaU3NDsti_I
No comments:
Post a Comment