Short DAX at 7740

Quote from younouss:

Mmmh new low.. Are you sure about the long? :(


Hi Asusilovic! Welcome back!
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I don´t worry. Dynamic hedge in place. I am a dip buyer. 72% of professionals see DAX lower at the end of the year. As usual, they will be proven wrong.

And after we have passed the debt ceiling issue in the US and hopefully no further demonization of the so called "European debt crisis" by Financial Times & Co. we might see a nice Christmas rally.
 
Based on one of my models, there is a 66% probability of Friday being an up day on the DAX. A breakout about the high of the first 4 hours of trade is the confirmation signal.
 
Debt deal done as predicted. Expect a pretty quick bounce on the DAX. Immediate target of 7400. I expect we'll get there around Thursday most likely.
 
Quote from uexkuell: (07-19-11 07:23 AM)

Expect more rather heavy downward moves before we can go up again.
Price not yet correctly set up for upmove.
Probably have to test below 7050.
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Friday we (re-)visited 7080.

This upmove has in my eyes still not all characteristics of a sustainable move.

Wouldn't be too astonished if there was one more test of downside (now at least down to a trendline around 7150).
 
Quote from uexkuell:

Friday we (re-)visited 7080.

This upmove has in my eyes still not all characteristics of a sustainable move.

Wouldn't be too astonished if there was one more test of downside (now at least down to a trendline around 7150).
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And we are where we were, it looks like vol play rather than directional play.

I start to feel that Asul maybe right about the new highs.
 
pfff - that was quick distribution and accumulation ...

shorted also dow but closed too early 12070

arbitrage allover the place, why don't I do it professionaly, :-)
 
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