Short DAX at 7740

xty · Jul 28, 2009

Quote from ASusilovic:

Fibo 1.38 Extension from lows.

Thanks

ASusilovic · Jul 28, 2009

I have the strange feeling that we are all sitting on too many profits. I am walking to the exit door...

I am short Deutsche Bank - by the way.

ASusilovic · Jul 29, 2009

Bayer net income falls 7.3% amid tough economy

Infineon Technologies Q3 net loss EUR23M

xty · Jul 29, 2009

Quote from ASusilovic:

Bayer net income falls 7.3% amid tough economy

Infineon Technologies Q3 net loss EUR23M

Asus... Do u see 5050 - 5070 lows today?

ASusilovic · Jul 29, 2009

Quote from xty:

Asus... Do u see 5050 - 5070 lows today?

Maybe 5108.50, but I am really not sure about this call. We have several supports before this important threshold.

Good luck

uexkuell · Jul 29, 2009

Expect major pullback (up).

Many people went short now. Only when they are shaken out (probably at end of week) the way southward will be free (well below 5000).

xty · Jul 29, 2009

Quote from uexkuell:

Expect major pullback (up).

Many people went short now. Only when they are shaken out (probably at end of week) the way southward will be free (well below 5000).

what levels are u looking at?

uexkuell · Jul 29, 2009

Quote from xty:

what levels are u looking at?

Sorry, I cannot see levels as well as Asusilovic does.

Also I am thinking more in trendlines (skewed, no fixed price).

Anyway in the mid-term I would expect that somehow 5227 is hit again (major trendline there - if it is hit in the afternoon more like 5232-38).

xty · Jul 29, 2009

Quote from uexkuell:

Sorry, I cannot see levels as well as Asusilovic does.

Also I am thinking more in trendlines (skewed, no fixed price).

Anyway in the mid-term I would expect that somehow 5227 is hit again (major trendline there - if it is hit in the afternoon more like 5232-38).

The PP is at 5228 - 5232 intraday.
lets see what happens

Good trading

xty · Jul 29, 2009

Quote from uexkuell:

Sorry, I cannot see levels as well as Asusilovic does.

Also I am thinking more in trendlines (skewed, no fixed price).

Anyway in the mid-term I would expect that somehow 5227 is hit again (major trendline there - if it is hit in the afternoon more like 5232-38).

Good call ...........