Short DAX at 7740

gangof4 · Nov 4, 2008

Quote from ASusilovic:

Still hedged.

since you mentioned it again, and in the context of a pretty large % move now, i'll take another shot: would you mind sharing by which instrument you hedge your DAX futures position? a generic example would be great. thank you.

ASusilovic · Nov 5, 2008

Quote from JSSPMK:

Yes, it was, but I don't think that it's over, looking at monthly charts there is still room to the downside, we are seeing a pullback ImPO, not a reversal. I would keep that hedge in place hehe

5021.00. PARANOIA.

younouss · Nov 5, 2008

Quote from younouss:

time to short it

SEE!!!

ASusilovic · Nov 6, 2008

Quote from younouss:

SEE!!!

That's the easy part...target / exit price ?

makloda · Nov 6, 2008

Quote from ASusilovic:

That's the easy part...target / exit price ?

FDAX 2700, 2003 low!

(even though, isn't the DAX a performance index and includes dividends, unlike the SP500?)

Don't forget, it's a bear market!!!!!!!!!!!!!!

ASusilovic · Nov 6, 2008

Quote from makloda:

FDAX 2700, 2003 low! (even though, isn't the DAX a performance index and includes dividends, unlike the SP500?)

Don't forget, it's a bear market!!!!!!!!!!!!!!

I am slightly more optimistic...my target is 2703.5.

younouss · Nov 6, 2008

Quote from ASusilovic:

That's the easy part...target / exit price ?

am very conservative: 4330/40

ASusilovic · Nov 7, 2008

Quote from gangof4:

since you mentioned it again, and in the context of a pretty large % move now, i'll take another shot: would you mind sharing by which instrument you hedge your DAX futures position? a generic example would be great. thank you.

When I have more time, I will elaborate on the subject.

ASusilovic · Nov 7, 2008

Quote from younouss:

am very conservative: 4330/40

For very obvious reasons, unemployment figures today should be "very bad". In anticipation of theses numbers, the sell-off in the last two days may be explained...

Market participants might drive prices higher as an "excuse"...

younouss · Nov 7, 2008

Quote from ASusilovic:

For very obvious reasons, unemployment figures today should be "very bad". In anticipation of theses numbers, the sell-off in the last two days may be explained...

Market participants might drive prices higher as an "excuse"...

Correct yesterday sell off was obviously related to ADP number. As day trader I don't keep overnight positions, so I covered yesterday around 4800. I'll wait for this afternoon numbers...