Upper band resistance level 6576 reached today. Look for a short sqeeze ´til 6600 and maybe sharp sell-off tomorrow. Maybe triggered through cpi-numbers. resistance for tomorrow : 6600 minor support : 6512 major support : 6427
Don´t know what the trigger will be, but it is going to hit this level in the next couple of days.... and yes : still short March DAX Future and hedged with 6850 DAX call-options tomorrow´s IFO - Index, expected to be good - but I am expecting buy the rumors sell the facts trading.... Have a good night, boys and girls...
O.K. IFO is the trigger...So, Bundesbank�s Weber did know it before and was urging for further rate hikes... I have covered some of my shorts at 6587.00. We are little bit oversold here, but the next wave will come.... Good morning altogether...
We are movin´right now to MA ( 10 ) at 6637,50, if US PPI is O.K. we might see 6691, but nevertheless playin´ this market from the short side... Goldman Sachs yesterday reported they are expecting the FED to cut rates in the second half of the year... Hmmm, what about the economy if they think the FED has to cut rates...??? Most probably the US consumer will catch the knife by raising retail sales another 1% - like the November figures suggested...Ha, ha, ha...