Short DAX at 7740

Who the hell is the big player buying in 30 Lots at 7469,5 and buying 4000 at 79,5 ten minutes ago while all other futures going south deep.
 
Quote from hektor:

Who the hell is the big player buying in 30 Lots at 7469,5 and buying 4000 at 79,5 ten minutes ago while all other futures going south deep.
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most probably a market participant short covering...you don´t really care if you are on a winning streak whether you have a copule of points slippage by doing this...
 
Quote from ASusilovic:

most probably a market participant short covering...you don´t really care if you are on a winning streak whether you have a copule of points slippage by doing this...
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Anyone have more information on this? This was not short covering. If they were short covering, they left an incredible amount of money on the table. At 1:40pm EST the Dow was trading around 13460 and the Dax futures was at 7470. Over the last two hours of the trading day, the Dow dropped 200 points, but the Dax closed at 7470. Some firm/entity relentlessly purchased thousands of 7470's.. and they did the exact same thing (at the same level) a few days ago. They clearly wanted the dax to close at 7470 or above... any thoughts?
 
As far as I see it - it doesn't really matter, I never even look at volume, not to say there is no requirement for it for other people. Some people call this type of activity PPT (plunge protection teams) which could well be our Big Brother "feel good" factor sponsorships. Joking aside, why couldn't it have been short covering?
 
Quote from ASusilovic:

Well, you know my 4 waves theory in FDAX...if FDAX is failing 4 times in attempts to break support / resistance levels it might get uggly...one or the other way... right strategy now is an option play !!
FDAX is stuck into a range ( 7400 low end / 7675 high end ). Breakout will appear in short time - so play the breakout scenario !!...my fundamental point of view is that we have still some risk adjustment to make...there are always laggards in the makets having missed movements...after credit crunch mania and subprime mania we had some "catious" good news today...for example Blackstone´s new P/E fund and high-yield bonds rally as market sentiment rises...FANNIE MAE and FREDDIE MAC news etc...
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Ha, ha, ha....breakout scenario...this may evolve as a WASHOUT day...I made some phone calls early in the morning and the funny thing is :
market participants around the world have HUGE cash positions right now => unbelievable...some funds have over 25 % in cash !!!! Ha, ha, ha....unprecedented cash levels !! I think we will see some fun action today with even more VOLA then in the last weeks ! By the way : I am putting some cash to work and I am LONG not only FDAX but also buying FINANCIAL stocks !! GL + GT :D :D :D
 
Thanks for the intel AS.

Hourly chart basing for upside
10 minute chart points to 7330 re-test
Will try to catch next downdrift and reverse into long later on

short 3

scaled out 2 +8

+19 on 3rd
 
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