Short DAX at 7740

Quote from ASusilovic:

I am generally an optimistic person and although sarcastic with regards to the stupidity and greed of "Wall Street", I believe that we have so much negative sentiment out there, I wouldn´t be surprised if we see some positive news flows in the coming months.

I know personally a bunch of fund managers still sitting on the sidelines with hoards of cash ( 15-20 % ), still "hoping" markets will com down again to pick them up ! :p

I am maximum hedged to the downside and just enjoying volatility.

By the way : volatility play is one of the most profitable this quarter and I wouldn´t be surprised if a certain investment bank would announce huge profits with regards to a volatility play set up also in 3rd Q 2007....:)
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with regards to volatility, do u think the summer months will still provide that level of volatility that can can provide good profits...........?

Whats ur opinion of fdax/ES correlation
 
Quote from xty:

with regards to volatility, do u think the summer months will still provide that level of volatility that can can provide good profits...........?

Whats ur opinion of fdax/ES correlation
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There´s lot of volatilities out there, either indices, bonds, currencies, commodities, stocks, ETF´s, stock futures, real estate, options, swaps.

FDAX / ES relation ? Well, in the morning session, FDAX has its "own life", but as soon as US guys come in, its almost 1.0 correlation...I wonder why we do not merge FDAX and ES and all other indices markets in Europe - as anyway everybody is watching ES, YM and NQ "closely". :D

My oppinion is that this "bear market rally" has still some room to go. We have not yet reached 50 % upward levels from lows in March.

Today might be different story. Market participants a bit worrying about outcome of NFP numbers.

But hey, what do you expect after GM, Chrysler & Co. ?
 
CALL Jul09 3,564 646,021 01.07.09
PUT Jul09 8,164 337,851 01.07.09

Some people think, it´s a very good idea to buy some protection. I agree. :cool:
 
Quote from ASusilovic:

There´s lot of volatilities out there, either indices, bonds, currencies, commodities, stocks, ETF´s, stock futures, real estate, options, swaps.

FDAX / ES relation ? Well, in the morning session, FDAX has its "own life", but as soon as US guys come in, its almost 1.0 correlation...I wonder why we do not merge FDAX and ES and all other indices markets in Europe - as anyway everybody is watching ES, YM and NQ "closely". :D

My oppinion is that this "bear market rally" has still some room to go. We have not yet reached 50 % upward levels from lows in March.

Today might be different story. Market participants a bit worrying about outcome of NFP numbers.

But hey, what do you expect after GM, Chrysler & Co. ?
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Asus...thanks for the comment on NFP..........i was actually suprise at the market reaction though........NFP days have mostly being non event or worst case scenario market turns it upside down.

would you say earnings might get us to 1000 on the ES and 5300 on the dax

Another question i will seriously appreciate ur opinion is the VW . I believe its very expensive at the moment. the saga behind it will definitely be resolved one day..........what would the effect be if VW finally converges to the fair price on the FDAX

Thanks
 
Over the years, I am accustomed to chart formations that repeat themselves for almost more then 15 years in a congruent way.

Today´s chart is one of those. And still it´s ridiculous that the same selling program works !



LOL ! :p
 
Quote from ASusilovic:

Are we running for the stops above 4734.50 ?
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No. There are not anymore old school traders out there, otherwise algos would be terminated into NON EXISTENCE.
 
Quote from ASusilovic:

No. There are not anymore old school traders out there, otherwise algos would be terminated into NON EXISTENCE.
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u think 4690 holds?
 
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