Short DAX at 7740

3rd +8.5

Short 3

All out +2.5 Long 3

reversed short 3

 

I still see some room for FDAX into 7950-7970 area...doesn´t mean I am overly bullish...just a little bit...

 

Hourly is now ready to crossover, 2 hour chart has its 3rd lower peak now + divergence, C'MON! Let's get it down!

 

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1619798>

 

Yep I think it still bullish until we get some real news from this summer prob..

 

I would like to see this resolved one way or the other, pattern still valid and I do like how it looks, I will try to get on board a short train tomorrow somehow. If this IS a +/-200 point retracement call, then price might start drifting steadily South pre-market.

 

short 3

 

Good idea, but maybe a little bit too early...we have not yet hurt the BEARS as much as they would have to suffer...

We may see 8000 today...maybe...

 

yes, you could be right, why the spike?

 

Asian new highs and "buoyancy was "probably" spurred by hopes that the U.S. Federal Reserve could cut its benchmark short-term interest rates further."