DAX

The German DAX index has taken support at the lower Bollinger band and bounced back to close above the green 40dema. The recent fall was a-b-c, so a good chance that at 12253 we completed wave 2 of 3 and wave 3 of 3 up can start where 3=1 goes to 16000 next. ARe we looking at a European stock market rally then? Why not.