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Nicole Elliott: Why I'm 'very worried' about the Dax

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Is a big decline in the Dax be about to be realised? Technical analyst, Nicole Elliott says the charts suggest we could be due a big fall soon, especially if the index closes below 11,200 on Friday. If that were to happen she says we could see a powerful bearish momentum which could quite quickly take the Dax down to the ten thousand level. The index was below that in the European lunchtime. 
The Dax has risen strongly since October last year but trading has been more choppy in recent weeks. It's fallen this Friday, notably as concerns about Greece resurface. Nicole has suggestions as to how traders could be positioning themselves.