Short DAX at 7740

Quote from archimg77:

I thought that you do pairs ... it is not that painfull.

Earning season is almost over and analysts were very negative, economy is weak but we are getting bad but better numbers. Market is still in bullish mode.

As we get more and more numbers about economy and maybe some defaults we can go south very fast.
We can see 3000 until the end of year.

No idea what could happen this months not even today, :-).
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yes i do pairs............if i dont how probably have filed for bnkruptcy by now
 
Quote from archimg77:
As we get more and more numbers about economy and maybe some defaults we can go south very fast.
We can see 3000 until the end of year.
[/B]
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possible is anything but I am 95% sure we have already established the low for this year. This upmove is obviously just more than what bears would like to believe and the best case for bears is some range trading the next months. Of course Dax 4500 is in this case very likely again.
 
Quote from Topsurfi:

possible is anything but I am 95% sure we have already established the low for this year. This upmove is obviously just more than what bears would like to believe and the best case for bears is some range trading the next months. Of course Dax 4500 is in this case very likely again.
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Thanks
 
Quote from Topsurfi:

possible is anything but I am 95% sure we have already established the low for this year. This upmove is obviously just more than what bears would like to believe and the best case for bears is some range trading the next months. Of course Dax 4500 is in this case very likely again.
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Can you pls point out the main reason why dax is showing strength ............apart from the zew...........any other news
 
Update from last week :

As I wrote last week that a trendbreak around 4700 should/could work as a "Wave 4" in an unfinished count we got a new high above 4985.

For me the "Wave 5" is done. The only one question is : To which level this wave could extend or we already have seen the high today ?

The important point is : ES never made a new high and is still in consolidation mode on the 76.4% fibo resist . As long as the ES will stay below this level around 915 so long I believe this "5 count" is finished. Otherwise we have to expect a test of the 5111 DAX cash index high .

Kind Regards.

Mike
 
Quote from Topsurfi:
Also the rally yesterday in S&P was on very low volume and this is a warning sign. So I think for daytraders a short in Dax around 5000 could be a good short term trade. [/B]
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I am short FDax, lets see.
The panic spike above 5000 with large volume was impressive, looks like a lot of shorts gave up at that point. At least the inverted Hammer is worth a try.
 
Quote from xty:
Can you pls point out the main reason why dax is showing strength ............apart from the zew...........any other news
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the main reason was to many people on the wrong side (short). Its sometimes that simple...
Just take a look here how many people where short biased.
 
5000 ? I would not discuss about to many shorts or not .... 5000 is a big key for knockouts, options, certificates and others .... it was sure for me that they hit it .... so to place stops above 5000 is a stupid game ... Sorry ... but these placed stops have to be stoped out .... no intelligent game .... That's the reason why these banks are making money.

If you are short after the hit of 5000 and you are placing your stop above the high this is intelligent for me .

Regards.

Mike
 
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