Short DAX at 7740

Mutual fund managers in Germany are very sceptic on behalf of DAX regaining this year´s high. Yesterday one declared 8000 as their limit for an upside move. Another one - in fact the managing director of Germany´s largest mutual fund - stated : "We will not see new highs this year."

I like this sort of skepticism.... :D
 
If they are to take it up, now is a good time. 2 hour chart's formation is still valid, so bulls have to either start acting now, before bears try to gain advantage. 3 minute chart is lining up for some upside. Interesting.
 
It's a buy


^GDAXI 10.00 Days
----Sell---- Wednesday, September 26, 2007 ---Buy---
7985.7060 ------------------------------------------ 7677.9444
8062.6464 ------------------------------------------ 7601.0040
8139.5868 ------------------------------------------ 7524.0636

------
^GDAXI Friday, October 05, 2007
----Sell---- ------------------------------------------ ---Buy---
8320.7892 ------------------------------------------ 7890.1367
8428.4524 ------------------------------------------ 7782.4735
8536.1155 ------------------------------------------ 7674.8104

===============================================
 
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