29/09/2011

Indexes continued short term trend down on Wednesday. Germany votes about Greece today. Merkel will leave office if no.

DOW fell 180 points to close at 11.011.  If German parliament says NO today Thursday about more money to Europe the market is expected to fall much after vote. Time for vote unknown right now.

DAX still most interesting index. I expect DAX to fall down to 5363 starting at open . Here I want to buy DAX. If a yes comes I expect a powerful rally.

Dow might be bought at 11.056 or  10.862 all with following just the trend. My personal guess is a YES so it is important to follow the voting. If NO Angels Merkel has said she wants a vote about herself as Prime minister, which she is expected to loose.

A NO vote would be catastrophic for the trend.

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