Archived articleThis is an archived article from 2010 - please note that any content within the article may be out of date.
DAX index shows classic gap and trap phenomenon
The 15 minute chart for today's DAX shows just how easy it is to get stranded when piling into a strong opening gap. Too many intraday punters were anxious to get on board and ride with the feel good factor this morning in European trading. President Obama took a rest from bank bashing in his state of the union speech last night, Asian equities rose overnight and there were plenty of positive vibes about Apple's iPad.
An obvious no-brainer!
Disclaimer
This is not financial advice. Our content is intended to be used and must be used for information and education purposes only. Please read our disclaimer and terms and conditions to understand our obligations.
No comments yet
No one has commented here yet! Why not be the first one?