Dax loses more than 100 points – Many pessimists among the professionals have capitulated

Dusseldorf The speech by US Federal Reserve Chairman Jerome Powell only boosted the German stock market for a short time. After the daily high of 14,563 points, the Dax slipped significantly and was only 0.3 percent up in the morning at 14,441 points. Off the floor there were courses of over 14,600 points, which would have meant a continuation of the regular trading process since the end of September. The rally’s high of over 2700 points since the end of September is 14,571 points.

With this price slide on Thursday, there are increasing signals for an end to this upward movement. The leading index apparently does not have the strength to rise to new highs. Tomorrow’s trading day should still be important. If the Dax closes above 14,541 points on Friday, the rally would reach the nine-week mark on a weekly closing basis.