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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Sunday 20 December 2009

Dax




The Dax is attempting to break through its recent highs but is unlikely to succeed if the US market corrects.The weaker Euro will help German exporters,which may explain the relative strength in this market.However problems with sovereign debt with regard to Greece,Ireland and other European economies are likely to keep Germany in the eye of the storm.
Price resistance is heavy in the 5900 area,as shown on the charts.In addition the Dax has peaked around the end of the year in both 2007 and 2008.
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