I know I said soon, but damn, I meant mid Feb. Oh well, since eur/usd selling craze is not showing signs of slowing down, let's see low 5300s next week. Although I don't recommend keeping open anything for this weekend, who knows what Dick head comes out with what ingenious idea over the weekend...
Short DAX at 7740
- Thread starter ASusilovic
- Start date
I know I said soon, but damn, I meant mid Feb. Oh well, since eur/usd selling craze is not showing signs of slowing down, let's see low 5300s next week. Although I don't recommend keeping open anything for this weekend, who knows what Dick head comes out with what ingenious idea over the weekend...
So low 5300s didn't happen this week, too much Greek talk. Or lack of.
The two scenarios I see most probable: 1) next week eu officials come up with a brilliant solution for Greece that is applicable to Spain, Portugal, Ireland, Italy, UK too, and then we will see a July09 scenario, IF eur.usd bottoms out, or 2) highly incapable officials continue the blah-blah and this thing slides back to July levels, along with the continued free fall of the eur.usd.
I see a great deal of uncertainty here because neither the bull nor the bear is beaten yet. Next week will be interesting, and we will definitely go up. Or down. Definitely.
The two scenarios I see most probable: 1) next week eu officials come up with a brilliant solution for Greece that is applicable to Spain, Portugal, Ireland, Italy, UK too, and then we will see a July09 scenario, IF eur.usd bottoms out, or 2) highly incapable officials continue the blah-blah and this thing slides back to July levels, along with the continued free fall of the eur.usd.
I see a great deal of uncertainty here because neither the bull nor the bear is beaten yet. Next week will be interesting, and we will definitely go up. Or down. Definitely.
ok, so we never saw 5300 and FDAX is on the bull run with today NFP numbers.
Strong EUR is dumping DAX's progress to new highs.
I do not know what would be consumer credit but are going to break 5900, most probably not today but I do not mind.
So, brace for US open and then slowly buy it,
, before close or after close.
Strong EUR is dumping DAX's progress to new highs.
I do not know what would be consumer credit but are going to break 5900, most probably not today but I do not mind.
So, brace for US open and then slowly buy it,
, before close or after close.BMW said Tuesday that sales of Mini, Rolls Royce and BMW brand cars rose 14% in February to 91,758 from 80,474 a year earlier. Sales for the 12 months to the end of February were up 15.3% at 173,911 units. "We saw growth in Asia, in particular, but we also made gains in many markets in Europe, Africa and the Americas. In key sales markets such as the U.S., the automotive sector is also showing encouraging signs of a gradual recovery," said Ian Robertson, BMW board member responsible for sales and marketing. The company said almost all its markets are experiencing "a definite upturn." Sales of BMW brand cars rose 13.7% to 78,248 units and Mini sales rose 16% to 13,443 units.
Entering 6100,6150,6200,6250 calls. Risk free investment according to Goldman Sachs. DJ Stoxx 600 to rise at least another 20 % in 2010.
Seems, rollover into December works...
Seems, rollover into December works...
the daily range for the DAX has contracted a lot, it now stands at 60 points and reflects the crushing in vols over the last 20 days.
"buyers" are in control. When watching the tape, you can see the market bid up on the March, June and Sep contracts to the tune of 150+ contracts sitting on the bid. There currently are no sellers on the DAX.
This is a market where professionals are in control with very little "unpredictability" with respect to what institutionals are going to do.
So it looks like it has been a good strategy crushing vol and hedging with a long bias.
6200 looks like a magnet and we could end being stuck there for a while if no new money comes into the market. I'm monitoring volume to see if new players are stepping in.
For the moment, this remains a very technical market. Trading opportunities on a daily basis remain poor. I'm waiting for a return to higher intraday vol to signal a change in market conditions. Until then, the market keeps a bullish bias.
"buyers" are in control. When watching the tape, you can see the market bid up on the March, June and Sep contracts to the tune of 150+ contracts sitting on the bid. There currently are no sellers on the DAX.
This is a market where professionals are in control with very little "unpredictability" with respect to what institutionals are going to do.
So it looks like it has been a good strategy crushing vol and hedging with a long bias.
6200 looks like a magnet and we could end being stuck there for a while if no new money comes into the market. I'm monitoring volume to see if new players are stepping in.
For the moment, this remains a very technical market. Trading opportunities on a daily basis remain poor. I'm waiting for a return to higher intraday vol to signal a change in market conditions. Until then, the market keeps a bullish bias.
Sure, dip buying oppoertunities.
Selling 6099.00 or better. Cashing in on 6100 DEC calls. Proceeds to be invested into 5850.00 puts.
Here comes the ridculous part of this rally...Now, laggards have to buy. What a shame...cashing in on 6200.00 calls.Waiting for dip buying opportunities.