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Said on 13th that support @ 12890 should be seen again.
That worked on 15th @ 12850 and this morning again in pre cash session.
Looks like a "W" formation to see higher highs before end of the year.
XETRA electronic exchange started in Frankfurt 20 years ago on 28th November 1997.
This was a huge step in German stock exchange.
The DAX started with 109 instruments and wrote 3966 points on the first day.
Today around 900 instruments are traded at this place and the DAX stays around 13100 points.
Means a gain of >9100 points or a yearly middle gain of 450 points.
Of course during those 20 years there were very many ups and downs - so this calculation might
mislead a bit.
Thanks to electronic exchange the transparency on every trade and trader has gained significantly.
Even with many more instruments the trading is much better surveyed today.
Happy birthday XETRA - and be there enough traders that make the DAX and its derivatives create
fluid markets in the future!
