Short DAX at 7740
- Thread starter ASusilovic
- Start date
There is only one answer for the ugly DAX =>
Long FDAX 6505.50 ( first target : 6589.00...ready to buy more ! Expecting ES 1304-1308..area
Long FDAX 6505.50 ( first target : 6589.00...ready to buy more ! Expecting ES 1304-1308..area
Are you buying more FDAX???
YES.
Since the initial sharp falls in January, our view has been that the European market would trade in a âfat and flatâ range. Our analysis suggests that the market offers sufficient valuation support at current levels. There is, of course, a possibility that the market could fall further, but in our view this would need incremental bad news that is not yet priced in. We would recommend buying the market at these levels, particularly if simultaneously hedging the downside tail risk with deep out-of-the-money puts .
YES.
Since the initial sharp falls in January, our view has been that the European market would trade in a âfat and flatâ range. Our analysis suggests that the market offers sufficient valuation support at current levels. There is, of course, a possibility that the market could fall further, but in our view this would need incremental bad news that is not yet priced in. We would recommend buying the market at these levels, particularly if simultaneously hedging the downside tail risk with deep out-of-the-money puts .
I think 6525-6540 might be a good area to realize some profits...
Panic is always a good entry for some decent long positions....hehe