The Dax development made during the 2011 Libya crisis a pullback. Thus the German blue-chip index fell from 7432 points to 7092 points between 21 February 24 February 2011. However, it remains the Dax optimistic forecasts in 2011. Many market players continue to rely on rising prices and to evaluate the correction as a good starting place.
Current economic data reinforce that the economy continues humming. Thus, the Ifo business climate increased of 110.3 to 111.2 meters in February 2011. Economists had expected a stagnation in the previous month at 110.3 points. In particular, the manufacturing sector continues to exaggerate the economy, the press release of the Munich Ifo Institute is clear.
The cheerful PMI make the development and Dax Dax forecast for 2011 optimistic. Sun climbed the Purchasing Managers' Index (PMI) for German industry from 60.5 to 62.6 meters. The PMI is still clearly above the growth threshold of 50 points and signals a robust expansion of the economy.
Dax technically
need from a technical perspective, the Dax in 2011 forecast also does not Worry. The end of August 2010 initiated uptrend is still intact. Thus, the development of 5,900 points Dax climbed to 7426 points between 25 August 2010 and the 18th February 2011. An increase of 1526 points or 25.86 percent. Since the March 2009 low of 3,666 points, the Dax rose by +102.56 percent.
On his way up the German stock barometer meets technical resistance at 7426 and 7560 points. Supports are at 7078 and 6860 and points to the trend line. The upward trend of making new yearly highs for the development of Dax in 2011 more likely than a negative correction movement.
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