Short DAX at 7740

Quote from Topsurfi:

I am with you here.
ES is still in its small contracting triangle, but only few points away from breakout. This could trigger a lot of buy stops and we would be heading towards 900, that is important resistance and downtrend line.
Can we have a fake breakout ? Sure, but I really don't see a good reason to take a short position right now.
I have still a lot of medium term long positions running and keep that, target is 5500 Dax.
We have a very low OEX P/C ratio. This could be regarded as a negative point but in the last 2 years if we reached such extremly low values it often happened before a significant up-turn.
We have so many positive divergences going on so I would be surprised if we don't break out to upside within the next 10 trading days.
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5500 ? This year ?
 
Quote from ASusilovic:

5500 ? This year ?
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yes, I am 90% sure we sill reach this level this year.
I am still uncertain if we see one more and final washout before.
The problem is if we go up right now the indicators would be overbought rather soon.
So in fact it would be more healthy if we drop one more time and get a really high fear and VIX. This would be a better base for a sustainable rally.
But no matter if we go up here or after another washout we will see a fast rally. I think we can see a 20% rise within 2-4 weeks so most people will miss it.
 
VW January Sales Tumble 20% as Recession Deepens, Wittig Says

I think VEM Vermögensverwaltung, Merckle´s asset management arm, was short the stock....

XETRA 252,97 -7,03 -2,70% 10:18
 
Quote from ASusilovic:

Banken verschärfen Kreditbedingungen

http://www.handelsblatt.com/unterne...banken-verschaerfen-kreditbedingungen;2142383
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Funny. 2 weeks ago, ECB member Jürgen Stark:

ECB's Stark Warns of Aggressive Monetary Policy, Reiterates No EMU Credit Crunch
CEP News, Canada - Jan 21, 2009
Stark also reiterated that there is no credit crunch in the euro zone, noting that bank lending levels increased notably over November.

Bundesbank = delusional
 
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