Today is perfect for a volatility play. I expect for the next 4 weeks a huge move into one direction. Maybe a straddle ?
yes, I am 90% sure we sill reach this level this year. I am still uncertain if we see one more and final washout before. The problem is if we go up right now the indicators would be overbought rather soon. So in fact it would be more healthy if we drop one more time and get a really high fear and VIX. This would be a better base for a sustainable rally. But no matter if we go up here or after another washout we will see a fast rally. I think we can see a 20% rise within 2-4 weeks so most people will miss it.
VW January Sales Tumble 20% as Recession Deepens, Wittig Says I think VEM Vermögensverwaltung, Merckle´s asset management arm, was short the stock.... XETRA 252,97 -7,03 -2,70% 10:18
BMW, VW bad news, nonfarm payrolls awaiting and DAX raising. Just waiting until mega bulls have exhausted their mega power.
Banken verschärfen Kreditbedingungen http://www.handelsblatt.com/unterne...banken-verschaerfen-kreditbedingungen;2142383
Funny. 2 weeks ago, ECB member Jürgen Stark: ECB's Stark Warns of Aggressive Monetary Policy, Reiterates No EMU Credit Crunch CEP News, Canada - Jan 21, 2009 Stark also reiterated that there is no credit crunch in the euro zone, noting that bank lending levels increased notably over November. Bundesbank = delusional