Someone has been supporting the Dax without a doubt. The buying was not spread across other markets, the ES, CAC, FTSE. and DL Euro Stoxx were all getting clocked while the Dax held.
Check the horizontal line in the dax between 11:15-13:30 european time while all other indices have a nice diagonal line pointing down... Then again he's right
All right, what kind of answer are you looking for ??? Maybe Plunge protection team [PPT] supporting markets ??? Come on...DAX is well supported. FACT.
Not really looking for an answer just very curious who the buyer is as it really was 1 buyer... and taking up at least 10bln in market value while other futures are crashing and setting new lows. Just hoping someone comes with a clue... I remember after the Dr. Evil trade someone posted right away that it was Citigroup and only days later did it end up in the financial times...
If he only wants to cover shorts he could easy do this by 8-10 4000 Lot OTC orders and not refreshing his iceberg for 40-70 Lots. It seems that he now is doing the same for the Russel.