Short DAX at 7740

ml77 · Nov 26, 2007

me too at 9:59:55 seconds !

ASusilovic · Nov 26, 2007

Yeah, but to describe the day in one single picture / metaphor :

JSSPMK · Nov 26, 2007

ARMAGEDDON!!!!!!!!!!!!!!

Quote from JSSPMK:

Seriously guys/gals, what do you reckon on that monthly chart that I posted yesterday? It looks very toppy to me, especially a number of variables seems to line up:

1. Price is high re-tested previous all time highs (buy Lo/Sell Hi);

2. Histogram has put in 3 lowered peaks and now is at centreline (check out histogram on monthly charts going back 20 years to see potential outcome when this happens);

3. DAX has already registered 2 failure swings;

4. We have higher vola in other indexes, which does suggest an end (even if intermediate) of a cycle;

5. Subprime problems can not simply be absorbed by financials, losses have to be reflected in markets, somehow;

6. Divergence on monthly chart;

7. Oil about to go through $100 (speculative call but makes sense to me), look at gold, platinum and of course silver, money has been pouring in there which suggests that stock markets are about to take a turn;

8. Price is forming an apex on same monthly chart and histogram suggests (to me) that price most likely to breakdown, rather than breakout to upside.

9. Almost forgotten, Hang Seng put in a HUGE shtick in just months and also has a divergence on daily chart (I think it is daily), if/when China drops we all drop, same for US markets as we all know.

10. Dow30 and S&P both have divergence on weekly charts (a triple one also)

I am sure there are other reasons, but I guess I managed to scratch the surface a bit.

Edit - of course a sudden shtick to upside can't be excluded, as it so many times happens prior to actual market turn, intraday and longer term.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1685506>
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syrre · Nov 26, 2007

ASusilovic, have you been lurking around Flippers website?

BTW: You want 10 FDAX contracts? Fek I tho I was flat, but then found a rest of 10 long after close :eek:

ml77 · Nov 26, 2007

ASusilovic, what's your target for your long positions ?

RedDuke · Nov 26, 2007

Quote from syrre:

ASusilovic, have you been lurking around Flippers website?

BTW: You want 10 FDAX contracts? Fek I tho I was flat, but then found a rest of 10 long after close :eek:
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What is the address of flipper's website?

ASusilovic · Nov 27, 2007

Quote from RedDuke:

What is the address of flipper's website?
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www.rotterinvest.com heÂ´s in fact almost my neighbour over here in Zug...

ASusilovic · Nov 27, 2007

Quote from syrre:

ASusilovic, have you been lurking around Flippers website?

BTW: You want 10 FDAX contracts? Fek I tho I was flat, but then found a rest of 10 long after close :eek:
More...

Unfortunately, I didnÂ´t read your post until now. But of course, you could have passed over these 10 lots ! Nice breakfast for me !

ASusilovic · Nov 27, 2007

Quote from ml77:

ASusilovic, what's your target for your long positions ?
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7623...

ml77 · Nov 27, 2007

We got a nice move on US futures and in Japan.
I would like to hold this long for a few days but we have some sneaky moves on a regular basis now.