Dusseldorf After a successful start to the week, the German stock market continues to rise. At midday, the Dax rose by 0.4 percent to 13,460 points. Yesterday, Monday, the leading index had already climbed 314 points, which corresponded to a total increase of 2.4 percent. The final score was 13,402 points.
In view of these high price gains on the previous day and the almost 900-point rally since the beginning of September, profit-taking should not have surprised any investors. The fact that these have failed so far and the index is rising even further 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 start of the downward trend at the beginning of the year, the leading index has not been able to break through this line once.
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