Short DAX at 7740

Bernanke said the central bankers "stand ready to take substantive additional action as needed to support growth and to provide adequate insurance against downside risks."
 
Quote from JSSPMK:

Banking on gap AS?
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No. Fundamentally. Bernanke will not allow U.S. into recession. He repeated yesterday :
U.S. will avoid recession.

Never fight the FED ! :p

And by the way : my portfolios are still well protected against any drop !

Another point :

If you read GS recession calls, it reads :
buy protection / insurance whatsoever ! Conclsuion : why should the market fall further if everybody around the world is 100 % sure we will fall into recssion ? NO CHANCE !
 
Quote from ASusilovic:

No. Fundamentally. Bernanke will not allow U.S. into recession. He repeated yesterday :
U.S. will avoid recession.

Never fight the FED ! :p
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Did he actually say WILL avoid?

It will be bloody hard to negate monthly chart's bearishness, FED might create a spike ImO, which most likely ought to be faded. Monthly is a big chart after all.
 
there is a difference between what he wishes and what he can actually do.

Lowering rates may not work this time and markets remain "free" to a certain extent.

The cemetery of central bankers is filled with failed doctors.
 
Quote from Alexandre:

there is a difference between what he wishes and what he can actually do.

Lowering rates may not work this time and markets remain "free" to a certain extent.

The cemetery of central bankers is filled with failed doctors.
More...

I repeat :

GS recession calls ( U.S. / Japan ) is too obvious to believe in and FED is this time ahead of the curve in regards of expected earnings scenarios for 2008. In other words : if you are not hedged right now as a mutual fund manager or "hedge fund" manager, it´s your own fault to be hit by market turmoil !

In effect GS has been telling everybody :
Please pay for protection ( hedge - and the big players hedge like crazy ! ) otherwise we are forced to push the market lower !
 
what are the chances of a recession and what are the chances of avoiding one by lowering rates.

anyway, I don't think markets will move today on the back of what you just said.

Regarding your long on the Dax, it's a good entry.

You are obviously expecting US futures to reverse upward.

What's your exit target?
 
Short possible 3rd lower peak

Scaled out 2/3 +8.5 near 38.2%

Looking like a mini H&S on 1 now

Support on 50%, I'll probably get taken out now on 1/3 @ b/e, yep, 1/3 -0.5
 
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