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Aug 29

TECHNICAL ANALYSIS BY NSFX 29.08.2013

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High:  Low: 

The support is broken and now there might be a pullback to 8209. Then the 55EMA and the 21SMA daily would be a dynamic resistance. The market regime has changed the 27th. The long black candle was the beginning of a market correction.  There are 200 points approximately to the dynamic supply line, area where prices could have a rebound. Below the 200 period SMA the DAX30 could have a further 300-400  points correction.

R3
R2
R1
S1
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S3