Düsseldorf Are the current price gains of over 1300 points just a bear market rally, i.e. an upward movement within an intact downward trend? Or does this increase mean a trend reversal in the stock market? Then there would be no more new lows for the year.
From a purely formal point of view, the leading German index is still in a bear market, even if the Dax gained a further 0.9 percent on Thursday and traded at 13,707 points. The leading index thus tracks the price gains of the US stock exchanges after the market close in Germany. The stock market barometer had already risen by one percent to 13,583 points on Wednesday, although the technical indicators were signaling falling prices.
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