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04.02.2014 04:52 AM
Technical analysis of EM's for February 04, 2014

DJIA

As mentioned in my previous reviews, the Dow Jones seems to be an expandable pattern. The new year started on a negative note for equities. It was its first negative start since 2008. Close below 15,500 makes more weakness in the coming trading days.

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DAX

German DAX seems to be in huge sideways pattern since 2000. DAX seems to have completed its top near 9,800. Now close below 8,800 will be an indication of a next leg downward towards 5,000.

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