Short DAX at 7740

Quote from uexkuell:

For me DAX looks like triple top.

Also the bottom was not convincing for me.
I wouldn't be too astonished if a big downward move would again test the lows.

Still holding two cars from 6027.
Either I'll be stopped out at entry or will follow all the way down.
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I guess, you were stopped out.
I cannot say that I thrive either ... given that I've got no view.

- lets take ftse it broke 5450, ESTOXX broke 2350, dax is below 6100, DJ below 11700, S&P below 1230
I do not know we still may go up a bit.

Ok, I did 6000 puts as a protection of my longs ...
 
Quote from ASusilovic:

17% in 5 days. Impressive "bear market rally". :D

I hope, there are still tons of bearz out there - feeling the heat of "short covering"
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6078.00. Ay, ay, ay. Seems, mutual fund manager are again being forced into the market. G20 gave Europe a WHOLE WEEK to sort out a final package.

That´s going to be desastrous for the shorties of this world.
 
Quote from ASusilovic:

6078.00. Ay, ay, ay. Seems, mutual fund manager are again being forced into the market. G20 gave Europe a WHOLE WEEK to sort out a final package.

That´s going to be desastrous for the shorties of this world.
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I was feeling the pain with 6000 puts as I turned in bed dax went from 6017 to 6060+.
 
This kind of moves (6050+ to 5800- then back) stop out many swing traders ...
I'm not saying that it was not deterministic but if you do not move a$$ and adjust position it is nightmare.
 
Quote from younouss:
Why don't you short now?
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I wait for US open, it would be like driving against the wall.

Also, I had good 2 days, I do not want to spoil my weekend, :-).
 
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