Short DAX at 7740

Quote from ASusilovic:

Options - Total Open interest

CALL 5,387,364
PUT 5,231,698

Ay, ay. So many bullish people out there...

:cool:

I guess market concentrates too much on 5100.
I do not know what is vix for dax but buying some atm straddles can be interesting buy.
 
Quote from archimg77:

Normaly, I would go long DAX at 5110 but I've too many positions.

Could you pump it up a bit, please.
(btw. you missed 10pts right now)

I know US emplyment numbers are disapponting but c'mon we need to close position too, if you closed at 5135 you are doing just fine.

Now, maybe it it the time to wait for the end of retracement, could go below 5100.
First short around 14:35-40 then long 15-15:30, if dax doesn't break some significant levels.

(small script)
If it doesn't work don't blame me, :D .
 
Quote from archimg77:

I know US emplyment numbers are disapponting but c'mon we need to close position too, if you closed at 5135 you are doing just fine.

Now, maybe it it the time to wait for the end of retracement, could go below 5100.
First short around 14:35-40 then long 15-15:30, if dax doesn't break some significant levels.

(small script)
If it doesn't work don't blame me, :D .

Maybe, I was wrong, covering at 5135 if it goes there.
 
5260
I wonder where does it leave us?

Is this going to be the top?
Can we expect further positive news?

Fib. level is around 5330, I guess we are going there.
ifo indicated that money are not going to be made selling but cost cutting.
That would also correspond to 9300 level for DJ.
 
Quote from archimg77:

5260
I wonder where does it leave us?

Is this going to be the top?
Can we expect further positive news?

Fib. level is around 5330, I guess we are going there.
ifo indicated that money are not going to be made selling but cost cutting.
That would also correspond to 9300 level for DJ.

sentiment from europe might create massive short covering in US mkt. that might actually get the DAX to 5375.
 
Quote from xty:

sentiment from europe might create massive short covering in US mkt. that might actually get the DAX to 5375.

Ok, there was positive PMI but -0.8% vs. exp -0.3% UK Q2 GDP is a knife for market.
I think, it is difficult to ignore that number.

I went for tactical short at the moment (ftse), I had some slippage so that I'm OTM but I take it as an insurace because I'm just covering some longs.

And as you said, I believe US will drive EU markets ... because they run out of steam.
 
5300 here we are.

thats what I told here months ago but I only got sarcastic comments from some Perma Bears here. The obvious is sometimes hard to see.
 
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