Short DAX at 7740

Need to break 828.75 in ES...will be a choppy session

 

Sell 4329.00 or better.

 

short 4372
target 4350

 

I hope, we find enough convinced buyers before nonfarm payroll numbers tomorrow.

 

do you think we are going down? to me Dax seems to be in a state of levitation, ripe for a fall

 

Short 4484.00 and ready to short more

 

target?

 

4348.00...ECB / BOE will not change my oppinion

 

Well, it is "official" :

Prime Minister Gordon Brown acknowledged Wednesday that the world is in a full-blown economic “depression,” saying governments need to agree on coordinated measures to get out of it.

 

I'm amazed by the DAX' strength, wondering what's behind it.

Is it rising on the back of nothing or maybe on the back of an unexpected ECB rate cut?

On a relative strength basis, it has outperformed the US indices in the last sessions.

I guess it will come down to earth later.