Short DAX at 7740

wtf was that?!? 40 points on a 3m volume spike in a heartbeat. and now giving back much of it.

with all the perceived 'value' in the market, we could see a melt up. we sure had one in HK today (ii was playing it fairly well til i got cute and decided to piss $5m away in about 10 minutes).

kinda torn between the melt up scenario or the sell on news thing.
 
Quote from gangof4:

wtf was that?!? 40 points on a 3m volume spike in a heartbeat. and now giving back much of it.

with all the perceived 'value' in the market, we could see a melt up. we sure had one in HK today (ii was playing it fairly well til i got cute and decided to piss $5m away in about 10 minutes).

kinda torn between the melt up scenario or the sell on news thing.
More...

40 points on 3k ? Most probably Superfund from Austria entering trend following move....:D

News from London :

UK's Darling: 'Concrete' acton on tax havens by day's end

LOL
 
That´s more news I am concerned about :

Credit default swaps written on the sovereign debt of Latvia rose sharply on Thursday after its Prime Minister said it had missed out on a €200m payment from the International Monetary Fund. Latvia, which already has a €7.5bn rescue package from the Washington-based IMF, was refused the extra payment after its previous government failed to restructure its budget.
 
European auto sector shares also shot up, especially in Germany, after better-than-expected sales data from the U.S. Wednesday.

In addition to the U.S. data, German car sales rose 40% in March and data out on Wednesday showed French car sales rose 8.1%. Car scrappage incentives have boosted sales in those markets.

Daimler ended the day with a 15.6% gain, while BMW shares surged 14.8% and Fiat shares soared 27.7%.
 
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