Short DAX at 7740

Quote from JSSPMK:

Hey Y, why do you hold 7757 and 7672 if you can close them now and buy again once/IF price gets back to those levels?

Also, what's the edge in the straight short/long trade? Isn't it net neutral?

ImO 60 minute chart is now way too bearish and created higher vola for me to participate, GL to all in positions.
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7500 is big support. So it's worth buying here and my long fdax was hedged and lost small amount on this trade. I believe the short is over for now. If I'm wrong I'll get out of this trade around 7440.
Moreover, I had a short on US indices i closed yesterday night. So I'm not really worried about this position on fdax :p
 
Quote from JSSPMK:

Hey Y, why do you hold 7757 and 7672 if you can close them now and buy again once/IF price gets back to those levels?

Also, what's the edge in the straight short/long trade? Isn't it net neutral?

ImO 60 minute chart is now way too bearish and created higher vola for me to participate, GL to all in positions.
More...

JSSPMK, what do you think about this piece of news ? =>

Two unencrypted disks with the records of 7.2 million families claiming child-benefit payments went missing when they were sent from the Revenue and Customs department, which is overseen by the Treasury, to the National Audit Office. It's the biggest loss of personal data in British history.
 
Quote from ASusilovic:

JSSPMK, what do you think about this piece of news ? =>

Two unencrypted disks with the records of 7.2 million families claiming child-benefit payments went missing when they were sent from the Revenue and Customs department, which is overseen by the Treasury, to the National Audit Office. It's the biggest loss of personal data in British history.
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Same as what I think of WTC7 building going down same day (9/11) as WTC 1 & 2, when no airplane has hit it, but what was inside WTC 7, that is the question.

I don't believe that data simply can be lost at that level, it can be destroyed purposefully or stolen. Both cases create benefit to somebody. I call this BS.

There is an old joke that basically goes that Hitler sitting in hell tells his military staff that if Nazi Germany had a newspaper like Soviet "Pravda" (means Truth in English), then nobody would know that Germany lost WWII.
 
Quote from JSSPMK:

Same as what I think of WTC7 building going down same day (9/11) as WTC 1 & 2, when no airplane has hit it, but what was inside WTC 7, that is the question.

I don't believe that data simply can be lost at that level, it can be destroyed purposefully or stolen. Both cases create benefit to somebody. I call this BS.

There is an old joke that basically goes that Hitler sitting in hell tells his military staff that if Nazi Germany had a newspaper like Soviet "Pravda" (means Truth in English), then nobody would know that Germany lost WWII.
More...

"Pravda" = propaganda gazette of the CCCP ( Soyuz Sovetskikh Sotsialisticheskikh Respublik ) !! LOL! Totally forgot about "Pravda"! :D
 
Seriously guys/gals, what do you reckon on that monthly chart that I posted yesterday? It looks very toppy to me, especially a number of variables seems to line up:

1. Price is high re-tested previous all time highs (buy Lo/Sell Hi);

2. Histogram has put in 3 lowered peaks and now is at centreline (check out histogram on monthly charts going back 20 years to see potential outcome when this happens);

3. DAX has already registered 2 failure swings;

4. We have higher vola in other indexes, which does suggest an end (even if intermediate) of a cycle;

5. Subprime problems can not simply be absorbed by financials, losses have to be reflected in markets, somehow;

6. Divergence on monthly chart;

7. Oil about to go through $100 (speculative call but makes sense to me), look at gold, platinum and of course silver, money has been pouring in there which suggests that stock markets are about to take a turn;

8. Price is forming an apex on same monthly chart and histogram suggests (to me) that price most likely to breakdown, rather than breakout to upside.

9. Almost forgotten, Hang Seng put in a HUGE shtick in just months and also has a divergence on daily chart (I think it is daily), if/when China drops we all drop, same for US markets as we all know.

10. Dow30 and S&P both have divergence on weekly charts (a triple one also)


I am sure there are other reasons, but I guess I managed to scratch the surface a bit.

Edit - of course a sudden shtick to upside can't be excluded, as it so many times happens prior to actual market turn, intraday and longer term.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1685506>
 
JSSPMK, read this headline :

10-yr Treasury yields fall below 4%, first time in two years

Question :

Is this an alternative for a mutual fund manager to invest into ? YES / NO ?

Or maybe it´s stock picking time ?
 
Quote from ASusilovic:

"Pravda" = propaganda gazette of the CCCP ( Soyuz Sovetskikh Sotsialisticheskikh Respublik ) !! LOL! Totally forgot about "Pravda"! :D
More...

Just watch Russian TV now, Pravda never dies:D
 
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