Short DAX at 7740

Quote from ASusilovic:
20-25 points ? That´s a joke, or ? You should better be short to the hilt.
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It depends on your holding period and aviable capital.
I don't pack myself with shorts to get squeezed later on.

It was quite clear that we were holding shorts overnight.
I was kind of expecting that Asia won't lead us down.
In the morning the market went up to 40ties again.
If I closed at 20 I would take 30 points and waited until morning to reopen on 40+.

Obviously, we wait for the news but it seems that there will be again zigzag machine working, :D .
 
Quote from ASusilovic:

German Oct. ZEW index falls to -7.2 vs. -4.3 Sept.
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German ZEW Economic Sentiment -7.2 vs. -7.0 forecast ; -4.3 previous

ZEW Economic Sentiment 1.8 vs. -2.0 forecast ; 4.4 previous

I do not like to be in between mill stones.
Still, I was quite quick to get out.

There is going to be turn but when?
 
Let´s summarize :

Apple drops -6 % AH.
IBM drops -3 % AH.
ZEW indicator drops to -7.2.
On Thursday UK´s austerity measures will be published.

GS will report earnings today. BAC, too.

That´s going to be a fun session....

Oh, and EUR/JPY is 85 % out of equillibrium with FDAX...:D
 
I would add Coca Cola and Yahoo on earnings as well.

Today are US housing news too.

It is going to be volatile session, range bound with potential upside in my view.

Forgotten, my guess:
USD/JPY and USD/CHF bottoming.
EUR/JPY can stay flat(or bit down, nothing major) and USD/JPY on the way up to consolidate EUR/USD, :-).
 
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