Europe Weaker

08/18/2008 12:00 am EST


Thomas Aspray

, Professional Trader & Analyst

The German Dax Index outperformed the US market from 2005 through 2007 but that trend reversed in 2008. The major uptrend was broken in June and while the US market rebounded over the past month, the bounce in the DAX has been anemic. A drop below 550 will signal a resumption of the downtrend.

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