Still stuck …

We are still stuck … Market can’t rise, doesn’t want to fall …

BoE lowered rates and ECB kept them unchanged … as expected

WalMart guided higher … as Americans buy on the cheap as they face problems.
Dupont guided higher … on exchange rates.
Intel got upgraded …

At least something.

But as problems persist, highlighted by especially Goldman Sachs …
Its Level 3 exposure rose dramatically in Q1 … AUTSCH

Technically, the picture in the Dax is most interesting … it broke its possible flag formation to the downside, but today in the afternoon, it pulled back immediately … so tomorrow’s price action becomes important. Maybe worth a close look over the weekend as FESX, FDAX and S&P have similiar patterns.

The question remains … have we seen already all of the upside correction or can we try higher?

Tags: BoE, Dupont, ECB, Goldman, Intel, Level 3, WalMart

This entry was posted on Donnerstag, April 10th, 2008 at 23:19 and is filed under FDAX. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.