Short DAX at 7740

Quote from Brendan R:

is it GS or the US administration?
More...

GS = US banking administration = largest volatility player on Wall Street = made 1.7 billion USD with volatility trade late 2007 = I bet same "volatility play" now in force = no problem if you are largest intraday liquidity provider on NYSE
 
Quote from Brendan R:

what a move in 5 minutes, stops must have been taken out
More...

Brendan..............dax just took out its 200 daily sma..........any opinion on that
 
I think we hit 4850 today and target for the end of this move 4950-5000 max in the next 5 days.

4850 will be easy to hit as a lot of stop are placed around 4820.
 
Quote from Brendan R:

by the way I'm out of the market for the time being and will not trade these moves.
More...

u sound convinced we will see 4950/5000 but seriously am new with very little experience, but the last time we had this type of move it actually ended on a day like this.

i just think we might have an exhaustion top at US open
 
Quote from Brendan R:

by the way I'm out of the market for the time being and will not trade these moves.
More...

That´s usually the time to expect some "profit taking". Well, at least you will read that in the comments of mainstream media...
 
Quote from Brendan R:

I think we hit 4850 today and target for the end of this move 4950-5000 max in the next 5 days.

4850 will be easy to hit as a lot of stop are placed around 4820.
More...

can you explain why you think lots of stops are at 4820?
 
Quote from xty:

u sound convinced we will see 4950/5000 but seriously am new with very little experience, but the last time we had this type of move it actually ended on a day like this.

i just think we might have an exhaustion top at US open
More...

it's possible, but right now I don't feel confortable going long because I'm fundamentally bearish and I don't feel like shorting below 4850, which indeed could coincide with an exhaustion type of move at the US open
 
You must log in or register to reply here.
Back
Top