Short DAX at 7740

Quote from archimg77:

Well, I already expected that sneaky move after ADP, :-).

I have a good laugh here, too. As expected...Put / Call Ratio 1:4. So much optimism out there. :D
 
Quote from archimg77:

And what the hell this peak at 19:02(GMT) corresponds to?

Dow 20 points up, Dax 20 points up ?!

This was a HFT fat finger...:D ...and unusual breakout in the chart formation ( do some research and check which S&P 500 heavy weights have been pushed during this timeframe ). Doesn´t happen often. Only when desperation settles in.

6300, 6350, 6400 calls still in place. Waiting for some fun action :

inv_8.jpg


:p
 
i'm very conflicted here.

my gut instinct is to short the shit out of this thing. the chart is a little scary to short as the old 'there is no such thing as a triple top' truism keeps going thru my head.

on the other hand, it's *somewhat* st overbought and is this really the setup to blow thru resist to sustainable new highs?

i just wish i had that rose coloured glasses prescription that everyone seems to be using, because i just don't get it.

one thing is for sure- in such instances, i am almost always right and almost always early (ok, ALWAYS early!!!).

have had a short order twice so far today that i chickened out of (both would have been executed). like i said, conflicted....
 
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