Short DAX at 7740

Quote from archimg77:

Ok, there was positive PMI but -0.8% vs. exp -0.3% UK Q2 GDP is a knife for market.
I think, it is difficult to ignore that number.

I went for tactical short at the moment (ftse), I had some slippage so that I'm OTM but I take it as an insurace because I'm just covering some longs.

And as you said, I believe US will drive EU markets ... because they run out of steam.
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holding shorts from 5176 (one leg of a combined trade)...........but i see a scenario where they take out all the shorts b/4 closing and that will take us to 5375.

The UK data wont do much bcos the talking head on TV will turn it around. I dont think it will come into play today.

Another thing i sense based on the us market yesterday. if the same programmes kick in today we might have a swipe at 995. NQ doesnt have to participate much (msft/amzn).

just my opinion........... things could change
 
Quote from Topsurfi:

thats what I told here months ago but I only got sarcastic comments from some Perma Bears here
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Please stick to the truth. You said in May at FDAX 4750 that sentiment (Goldberg's survey) was so bearish that we are guaranteed to see another huge short squeeze SHORT TERM and all the bears are wrong!

Then you got replies from me and A_Susilovic that sentiment indicators are no better than a coin toss for short term market movements.

FDAX rallied to 5150 and you were screaming "ME AND GOLDBERG WERE RIGHT".

Then FDAX plunged back to 4750 and you disappeared. I guess you were on a vacation? :D

Now, 3 months after Goldberg recorded record bearishness we are at FDAX 5250 and again you're screaming screaming "ME AND GOLDBERG WERE RIGHT"

:confused:
 
Quote from makloda:

Please stick to the truth. You said in May at FDAX 4750 that sentiment (Goldberg's survey) was so bearish that we are guaranteed to see another huge short squeeze SHORT TERM and all the bears are wrong!

Then you got replies from me and A_Susilovic that sentiment indicators are no better than a coin toss for short term market movements.

FDAX rallied to 5150 and you were screaming "ME AND GOLDBERG WERE RIGHT".

Then FDAX plunged back to 4750 and you disappeared. I guess you were on a vacation? :D

Now, 3 months after Goldberg recorded record bearishness we are at FDAX 5250 and again you're screaming screaming "ME AND GOLDBERG WERE RIGHT"

:confused:
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LOL...........

Good One
 
Quote from Topsurfi:

5300 here we are.

thats what I told here months ago but I only got sarcastic comments from some Perma Bears here. The obvious is sometimes hard to see.
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Topsurfi,

I understand that every market player has its style and prognosis "system".

Nevertheless, this site is foremost a daytrading site, not an investing site.

You win credibility if you post your trade when entered and exited.

Of course, everybody is invited to join our macroeconomic discussions. We are all very active in defending our positions. Sometimes vigorous, sometimes sarcastic - that´s in the nature of prognosis - you can either be right or wrong ! So what ?

The immediate response is always given by what we call "markets" and of course our P/L ledger.

Regularly, I am wrong with my assumptions. Errare humanum est !

Good luck and good trading !

:)
 
Quote from makloda:

Then FDAX plunged back to 4750 and you disappeared. I guess you were on a vacation? :D
:confused: [/B]
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I was on vacation and posting here is a waist of time. I was bullish all the time, long before Goldberg when some claimed end of the world.
Bye.
 
Quote from ASusilovic:


Regularly, I am wrong with my assumptions. Errare humanum est !

Good luck and good trading !

:) [/B]
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sorry, I did not want to offend you as I never wanted to adress you with any of my posts, I assume you are a good trader.
 
- Volkswagen, Europe’s largest carmaker, is eyeing a capital raising of up to €4bn ($5.7bn) as part of a plan to buy Porsche. Last week the Piëch and Porsche families ended months of feuding by agreeing to fold the German sports carmaker into VW. But ratings agencies have warned that Porsche’s high debt load – more than €10bn of net debt - could undermine VW’s credit profile.

- European lenders fear a surge in consumer debt defaults as the US credit card crisis spreads across the Atlantic. The IMF estimates that 7% of the $2,467bn of consumer debt in Europe will be lost, with much of that falling in the UK. In the US, about 14% of total consumer debt of $1,914bn will turn sour. UK banks, which begin reporting their first-half results next week, have already warned of a sharp increase in credit card debts.

- Kreditklemme droht von Herbst an

http://www.handelsblatt.com/unternehmen/industrie/kreditklemme-droht-von-herbst-an;2437094
 
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