Short DAX at 7740

so since nobody congrats me I have to do the job

 

covered 4243

 

Good job!
Thanks to you I could make a 50+ pts short!

 

guys, congrats, you've been nailing it

what do you see for today, short around 4230 target 4150?

 

we are really getting into a critical situation now. If Dax can't make a rally today I think the floor will be taken off and we could see a severe plunge. Weak Euro in the morning also spelling trouble ahead. But lets see.

One thing to consider is shorting BUND (GBL) for a medium term trade. Now people fly from countries like spain, greece etc. in German bonds but for me its clear that they will not let these countries fall so in the end the wealthier countries will pay the bill and this will reduce the current spreads again.
German Bonds will suffer because of spreading the riscs evenly through Europe.

 

Buying small positions 4204

Trailing stop 10pts

out

 

since my post GBL down 0.6 points

 

Euro-zone Jan. composite PMI rises to 38.5 vs. 38.2 Dec.

Euro-zone Jan. services PMI 42.5 vs. 42.1 in Dec.

Euro-zone Jan. manufacturing PMI rises to 34.5 vs. 33.9 Dec.

better then expected...

 

That´s a reason for some short covering...

 

Trailing buy stops hit. Seems, we might see a bit more then short covering. Let´s see.