Sorry for answering late, have been pretty busy yesterday ! I remember this pattern to occur several times before in FDAX ! Did you observe FDAX not moving with ES yesterday ? ES falling 9 points , FDAX stable like a German oak ! There has been massive "backing" around 8020-8025 level. As FDAX breached these levels, I thought for a "momentum" trade...Didn´t work out as considered...
finally some short here... I'm struglling since monday... but fortunately As dynamic hedging method is helping a lot... Thanks again!
The other day I posted a comment from one of the leading German asset managers here, Klaus Kaldemorgen. He´s the managing director of Deutsche Bank´s mutual fund affiliate DWS. The guy predicted he does not think DAX will see new highs this year...Whether he is right or wrong remains to be seen -as I am mostly sceptic about "experts" predicting tops or bottoms...