Hey everyone!
This is my first analysis and I am very new to technical analysis, so 'bear' with me. Here is the daily chart, since the two are very much complementing each other:
The chart is scaled logarithmically, since it gives a better picture of what happened in the past over the linear chart.
What worries me the most are the insanely low support levels...
3 months earlier in January 2015 this stock market price was normal,
just comeback from bubble mode, nothing else
70% is owned by foreigners, hedgefonds, ETF
This conditions we had in 1998 and you can see the result.
QE of EZB is working and ETFs and Fonds did collect tones of money in March.
They are the temporary buttom fishers and well get more spezial offers...
