Dax slips into the red after a record high – private investors were smarter than domestic investment professionals

Dusseldorf The German stock market went down. The Dax is trading at 16,207 points in the afternoon, 0.3 percent in the red. At the same time, however, the stock market barometer reached a new record with 16,290 points, the sixth in a row. On Wednesday, the leading index closed unchanged at 16,251 points.

Investors should continue to watch out for the 16,000 point mark on the downside. Because there are several important technical chart supports, which apparently many domestic investment professionals orientate themselves on.

According to an evaluation of the Frankfurt Stock Exchange survey of private and institutional investors, behavioral economist Joachim Goldberg expects purchases again just below this psychologically important threshold. In this area, domestic investment professionals, who have increasingly relied on falling prices in the past two weeks, are likely to liquidate their short positions.

A price level in the range of 16,000 points would then be the last entry opportunity for those investors who have so far only little placed on a year-end rally.