Short DAX at 7740

Quote from ml77:

I am looking for a level to enter long for a few weeks if they want to push the markets higher for the end of the year.
However, as the dax was pretty strong these days, it may be hard to get a discount :) .
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I think discount will be on offer, just look at Hang Seng's 4 hour chart, there is a divergence there that points to this p/a being a bear flag, as daily chart features a HUGE divergence, I don't care that Chinese law's been changed, such a shtick is to be faded.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1701072>

Nice call on 7845 BT!
 
Quote from JSSPMK:

it's interesting that freezing happened when there was a bearish set-up, I am a total conspiracy theorist, can't help but think that these events take place purposefully, rather than accidentally.
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Some people have definitely more information (on our orders for example) and quicker data than us !
 
Quote from brentfutures:

get in there u bitch dax... sold the 7845.5 and 7843's...now lets see where this shit goes...
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possible reversal on 1 minute chart, not bad RR.

Statistically, I believe S2 is to be expected though.
 
Nice one indeed JSSPMK but will we (US, Europe) follow the Chinese ?!
So it seems you are not as optimistic as I am. This rally last week made me bullish for the end of the year but maybe I am wrong.
 
sorry if you boys hold onto positions, im a tick whore..well not whoring that much but will get pretty quickly if it goes my way... n look to get back in...
 
Quote from ml77:

Nice one indeed JSSPMK but will we (US, Europe) follow the Chinese ?!
So it seems you are not as optimistic as I am. This rally last week made me bullish for the end of the year but maybe I am wrong.
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Monthly charts across the globe look bearish as fuck, but as I mentioned earlier (most will probably know this on this thread) that fake p/a is a regular thing prior to actual move taking place. These fake moves can be brisk and brutal as people do try and participate in longer term oscillations and are vulnerable to shake outs. So I do view this as a fake upside, as monthly (King Cobra of charts) is showing weakness in a form of a divergence, we had up up up on a declined histogram, that is the same as on intraday charts, a weakness is a weakness, no matter what time frame it is present on.

Basically, manipulation is possible if you have the money and information.
 
Quote from brentfutures:

why is my shitty support line holding...look at the chart i posted earlier... n i know im a useless tech analyst...
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It's S1

ImO we have a bear flag on 1
 
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