Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Friday, December 21, 2018
DAX Germany Daily Chart; Bear Market
Germany's DAX topped out at 13597 on 1/23/18.A -20% drop is a bear market which is the 10878 level. The DAX dips into a bear market this month. DAX is currently down -0.4% in today's trading at 10570. Germany, Europe's powerful economic engine, is sputtering. Germany's export industry is key, mainly automobiles, so President Trump's ongoing trade war spanks the Deutschland hard. Japan's NIKK, Nikkei Index, is near a bear market but not yet; it is trying to hold the 20K level. The NIKK will be in a bear market at 19558 (now at 20166). Japan's Topix fell into a bear market yesterday. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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