The leading German index had reached several new record highs in the last stock market year.
(Foto: Bloomberg Creative/Getty Images [M])
Düsseldorf Rarely has the Dax slipped below the 15,000 point mark in the past ten months. It was always a short-term action, at the end of the session the leading index was above the round mark again. And it was always the prelude to a subsequent rally continuation. This was most recently the case at the beginning of October last year, when the Dax then climbed to a record high of 15,290 points.
Will this scenario repeat itself in the coming weeks? The starting position is identical: the leading index slipped down to 14,952 points in yesterday’s sell-off, but ended the trading day again at 15,011 points, a minus of 3.80 percent or 592 points.
Investors shouldn’t rely on such a repetition, even if the Dax was at 15,097 points at the start of trading, an increase of 0.6 percent.
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