Dusseldorf After a successful start to the week, the German stock market continues sideways. The Dax was almost unchanged in the morning at 13,406 points. Yesterday, Monday, the leading index climbed 314 points, which corresponded to a total increase of 2.4 percent. The final score was 13,402 points.
Given those big gains the day before and the 800-point rally since early September, profit-taking shouldn’t have surprised investors. The fact that these have failed so far is a positive sign.
The crucial question is again: bear market rally or real trend reversal? The preliminary decision should probably only be made in the range of 14,000 points. The 200-day line, which long-term investors observe, will soon also be listed there. Since the beginning of the downward trend at the beginning of the year, the leading index has not even been able to overcome this line.
Even if the list of reasons that speak for a bear market rally is extremely long: In the past few trading days there have been the first signals that make a sustainable trend reversal at least seem possible.
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