Short DAX at 7740

Quote from JSSPMK:

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Quote from JSSPMK:

AS, I see what you're talking about, 240 and daily look like a real good bottom, a triple one in fact, histogram looking extra good on 240 and daily, let weekly and monthly charts take over. We are closing in on Autumn and buying normally resumes about this time during bull markets.

Bears do not have a good technical case now, weekly divergence on S&P500 has probably run its coarse now, we might get a basing period for a while though.
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AS, look at these 2 hour charts, I did suspect bear flag p/a, this histogram + divergence certainly confirms a bear flag, this whole thing might crash big soon.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1560904>
 

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Quote from JSSPMK:

AS, look at these 2 hour charts, I did suspect bear flag p/a, this histogram + divergence certainly confirms a bear flag, this whole thing might crash big soon.
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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...
 
Take care, BNP Paribas freezes three funds amid subprime concern ! Most probably we will hear from other market participants, too, about their messy investments ! Truth about engagement comes in well dosed portions ! :mad:
 
Stay tuned for August 15, as the Journal notes:

A crucial date could be August 15, notes the Journal. “That is 45 days before the end of the third quarter, the date when investors in many hedge funds can give notice that they are pulling out their money. If many give notice, it could spark a rash of selling by funds looking to raise cash to cover withdrawals.”
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This could lead to redemptions in big funds that could drag us down a notch, depending on who these funds were positioned.
 
long 3

scaled out 2 lots +9

bulls will try and pick it up here, eyes on 10 min chart

3rd -11 worth the risk

7400???

long 3

-3.5

long 3

scaled out 2 lots +5
 
Quote from ASusilovic:

Take care with your longs, news flow concerning subprime problems spreading globally is overshadowing every positive...:(
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TY! U2, that 2 hour chart just might push price towards 7400
 
Quote from JSSPMK:

long 3

scaled out 2 lots +9

bulls will try and pick it up here, eyes on 10 min chart

3rd -11 worth the risk

7400???

long 3

-3.5

long 3

scaled out 2 lots +5
More...

-0.5 on 3rd

Long 3

10 min chart still points to a possible short squeeze, could well be a rapid one

scaled out 2 lots +8

let's see if this works again -

C'mon bulls you morons, push! Bears have more money than bulls LOL, c'mon, let's move it.

staying long with 1 lot for now
 
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