Short DAX at 7740

David M · Apr 15, 2009

out half @ 40 , trailing intact for the other half

Brendan R · Apr 15, 2009

25 is a good initial target but US open could push us back towards 80 in which case I will short more.

David M · Apr 15, 2009

I would better watch out for the CPI numbers comming in and wouldent hold positions at the announcement.

asap · Apr 15, 2009

in europe the CPI is turning negative pretty much everywhere. since the fed has been much more aggressive printing money, it might the case the CPI is more benign there. consensus is 0.0%, imo anything above that might be interpreted as a signal of economic turn around for the US.

Brendan R · Apr 15, 2009

good points

ASusilovic · Apr 15, 2009

Quote from Brendan R:

25 is a good initial target but US open could push us back towards 80 in which case I will short more.

You can judge it on relatively outperformance of FDAX against ES. While we are down almost 3 % from ES high 861.25, FDAX "only" down 1 % from its high...

David M · Apr 15, 2009

Asus - what about regarding DAX performance to currencies have you made any comparision to it?

ASusilovic · Apr 15, 2009

Quote from David M:

Asus - what about regarding DAX performance to currencies have you made any comparision to it?

I run different correlation matrices. Currencies are only one part. Always good to know USD, GBP, JPY, CHF investorsÂ´mood...

ASusilovic · Apr 16, 2009

I have only one idea : 4600 straddles.

xty · Apr 16, 2009

asus..........why do u think the dax has being overperforming over the last couple of trading days