DAX spike

FuturesTrader71 · Oct 6, 2005

Quote from Trader5287:

[...]

To me, that looks like a market trapped too high on its close today.

[...]

Can you provide a background to this assessment? Is based on the sell off in the US market that PM after the Eurex close?

Thanks.

Trader5287 · Oct 6, 2005

Quote from FuturesTrader71:

Can you provide a background to this assessment? Is based on the sell off in the US market that PM after the Eurex close?

Thanks.

Yes, exactly.

A guy on another thread was short and being squeezed into the close that day. I was trying to offer another perspective on his predicament.

Geo.