Short DAX at 7740

Discussion in 'Index Futures' started by ASusilovic, May 23, 2007.

  1. long 7768.50...
     
    #2161     Jan 11, 2008
  2. JSSPMK

    JSSPMK

    Banking on gap AS?
     
    #2162     Jan 11, 2008
  3. Bernanke said the central bankers "stand ready to take substantive additional action as needed to support growth and to provide adequate insurance against downside risks."
     
    #2163     Jan 11, 2008
  4. No. Fundamentally. Bernanke will not allow U.S. into recession. He repeated yesterday :
    U.S. will avoid recession.

    Never fight the FED ! :p

    And by the way : my portfolios are still well protected against any drop !

    Another point :

    If you read GS recession calls, it reads :
    buy protection / insurance whatsoever ! Conclsuion : why should the market fall further if everybody around the world is 100 % sure we will fall into recssion ? NO CHANCE !
     
    #2164     Jan 11, 2008
  5. JSSPMK

    JSSPMK

    Did he actually say WILL avoid?

    It will be bloody hard to negate monthly chart's bearishness, FED might create a spike ImO, which most likely ought to be faded. Monthly is a big chart after all.
     
    #2165     Jan 11, 2008
  6. there is a difference between what he wishes and what he can actually do.

    Lowering rates may not work this time and markets remain "free" to a certain extent.

    The cemetery of central bankers is filled with failed doctors.
     
    #2166     Jan 11, 2008
  7. I repeat :

    GS recession calls ( U.S. / Japan ) is too obvious to believe in and FED is this time ahead of the curve in regards of expected earnings scenarios for 2008. In other words : if you are not hedged right now as a mutual fund manager or "hedge fund" manager, it´s your own fault to be hit by market turmoil !

    In effect GS has been telling everybody :
    Please pay for protection ( hedge - and the big players hedge like crazy ! ) otherwise we are forced to push the market lower !
     
    #2167     Jan 11, 2008
  8. #2168     Jan 11, 2008
  9. what are the chances of a recession and what are the chances of avoiding one by lowering rates.

    anyway, I don't think markets will move today on the back of what you just said.

    Regarding your long on the Dax, it's a good entry.

    You are obviously expecting US futures to reverse upward.

    What's your exit target?
     
    #2169     Jan 11, 2008
  10. JSSPMK

    JSSPMK

    Short possible 3rd lower peak

    Scaled out 2/3 +8.5 near 38.2%

    Looking like a mini H&S on 1 now

    Support on 50%, I'll probably get taken out now on 1/3 @ b/e, yep, 1/3 -0.5
     
    #2170     Jan 11, 2008