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FRANKFURT (dpa-AFX) – The slipping of the Dax (DAX 30) below 15,800 points provides, according to the bank HSBC, “the bears a solid argument for a serious Dax correction”. The German benchmark index is likely to lose sight of the record high from Friday last week at 16,030 points in the short term. The chart-oriented analysts locate horizontal support at around 15,500 points, at which point the Dax marked a high in mid-April.
The experts are particularly concerned about the situation on the New York Stock Exchange. The balance of rising and falling prices, an indicator of the market breadth of a trend, has been standing there since mid-June or is even falling. Previously, this indicator had rushed from one high to the next. “In other words: The current record hunt for American standard values is being carried by a decreasing number of individual titles” ./ bek / la / jha /
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