Short DAX at 7740

archimg77 · May 19, 2009

Quote from Topsurfi:

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.

Inverted hammer usually end at the end of long decline.
I believe, you wanted to say shooting star.
It is up tu US and Asian whether it confirms trend reversal.

btw. before your email I never heard of inverted hammer but trying to fill gaps.

xty · May 19, 2009

Quote from Topsurfi:

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.

is that short on a short term basis or position play?

ASusilovic · May 20, 2009

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.

95 % sure ?

ASusilovic · May 20, 2009

List of German Companies Needing Help Grows Longer

....

More than 1,000 companies have applied for loans with KfW, and about a dozen new applicants join their ranks every day. Inquiries for large loan guarantees worth more than â¬300 million ($405 million) are steadily on the rise. And the list of companies expressing interest in government loan guarantees and loans reads like a who's who of German industry.

...

http://www.spiegel.de/international/business/0,1518,625770,00.html

Topsurfi · May 20, 2009

http://www.marketwatch.com/story/top-timing-newsletters-on-balance-are-bullish

interesting.

xty · May 20, 2009

Quote from ASusilovic:

List of German Companies Needing Help Grows Longer

....

More than 1,000 companies have applied for loans with KfW, and about a dozen new applicants join their ranks every day. Inquiries for large loan guarantees worth more than â¬300 million ($405 million) are steadily on the rise. And the list of companies expressing interest in government loan guarantees and loans reads like a who's who of German industry.

...

http://www.spiegel.de/international/business/0,1518,625770,00.html

Asu no disrepect...........so what.......thats the question they ask mostly in my day job

Dax is heading higher again

ASusilovic · May 20, 2009

Quote from xty:

Asu no disrepect...........so what.......thats the question they ask mostly in my day job

Dax is heading higher again

Well, it did not happen in Germany for the last 64 years, since the end of WW II that so many companies ask for help. Must be a six sigma event.

ASusilovic · May 20, 2009

Quote from archimg77:

Inverted hammer usually end at the end of long decline.
I believe, you wanted to say shooting star.
It is up tu US and Asian whether it confirms trend reversal.

btw. before your email I never heard of inverted hammer but trying to fill gaps.

Inverted hammer on a 15 min chart does not look as impressive as an inverted hammer on a 240 min chart...

ASusilovic · May 20, 2009

By the way : we are back in the trading channel since the start of this rally. Lower channel 4895.00. Upper channel 5285.50.

GL+GT

Topsurfi · May 20, 2009

I am flat Dax. Was worth a try but to me it looks like it can go up more (bullish, flat consolidation near high). Also weak Dollar and long weekend (seasonable bullish) supporting another rally today in USA.

Gold also looks interesting right now, got long on re-break 930.

Euro could initiate a squeeze on break of 1373.

Have a nice Trading day.