The analysts by HSBC drink from & Burkhardt.

As the break of the basis upward trend would be since August 2004 (act. at 3.691 points) not already load factor enough, stands now also still the support zone from different high and Tiefpunkten of the years 1998, 2001 and 2002 between 3.751 and 3.659 points for arrangement. A little promiseful up-to-date besides the quantitative indicators would present themselves. Thus the trend dynamics in the course of the recent downward movement - based on the ADX - increased clearly, which underlines the described trend break.

To emphasize is however in particular the indicator constellation on monthly basis. In this time window confirm the fresh door signal of the MACD the negative divergences trained before on the part of the stochastics. Parallel to it the monthly RSI completed last a Doppeltop in the indicator process. First therefore a test of the March lows must be taken into account at 3.505 points with the STOXX 50; perspectively even threaten a return up to the cyclic low from June 2006 at 3.183 points.