Short DAX at 7740

don't question him. he's right. he's so big that they have special dec options just for him.

 

Mister AS will have to go longer timeframe else fireworks will be setup for him personally.

think about it.

 

Right, new year is here and market nicely popped.
Mr. Mad Money is expectiing Dow at 13365, 15% gain.
Given the pace we should be there is Feb, .
I didn't look at DAX components but if DAX makes 15% we will have new highs, 8150+.

Mr. Mad Money Dow top3 picks for 2011:
#1 Alcoa
#2 American Express
#3 Intel

What your opinion on Dax top3 DAX components?

 

Btw. buy buy buy.
We need to create boom to have bust in june !

 

Guess what, it is not going to be that easy !

As I said buy, buy, buy, DAX reached max.
At first, I was crying that I sold after lunch time when DAX went above 7050 and I'm happy now.

No profit this year, target 50% but will be happy with any positive result.

 

DAX almost 7300
German Factory Orders, -3.4% vs. -1.4%

I guess, everybody waiting for correction.

 

Here comes the rain again... (I love Eurythmics)

 

China rising IR.

German Industrial Production -1.5% vs 0.2% expected

I do not see the flow but DAX still holding ...

 

Bought 7100 puts but I do not like the price action so far so that I cut my loss.
I'll be just glad when market comes down and vol picks-up,
.

 

Todays news positive, ifo, manufacturing, sevices ...
US closed.

DAX is still in bull mode but it shows some weakness, finally.
Reasonable placed covered call (7500) should have made good money over past few weeks.

I'm neutral, short term, shorts towards sub 7300. Upside 7500+.
Short weekly straddle or butterfly.