Short DAX at 7740

[xty]

Hi assilovic,

Can we make this more active like the ES Journal,

i really have learnt a lot from you and brenda

regards

 

[ASusilovic]

Quote from xty:

Hi assilovic,

Can we make this more active like the ES Journal,

i really have learnt a lot from you and brenda

regards

Sorry, but not possible. I have also a business to run. Simply do not have the time. I can post some suggestions throughout the day. I try to post the important ones.

 

[xty]

Asu,

That good enough, will really appreciate that.

 

[xty]

I am long the dax from 4005 with a stop below 3980

 

[ASusilovic]

Goldman Sachs Cuts 2009 Global GDP Forecast, Sees 1% Contraction


Goldman Sachs Group Inc. economists cut their forecast for the global economy this year. They now predict a 1 percent contraction, compared with the 0.6 percent they previously anticipated, according to London-based economist Binit Patel.

Need any further comment ?

 

[xty]

The question is how will this affects market in the short run. we all know the future is just too uncertain.

The type of moves we saw in the ES yesterday wasnt just short covering!!! or what tour opinion ?

 

[cvds16]

euh ... why not ?

 

[xty]

my little experience, we would have seen a slight retracement back towards the 740 level

 

[ASusilovic]

Quote from xty:

The question is how will this affects market in the short run. we all know the future is just too uncertain.

The type of moves we saw in the ES yesterday wasnt just short covering!!! or what tour opinion ?

No, not only short covering. That was "come late to the party buying".

 

[xty]

covered half of my position .............