Short DAX at 7740

3rd out -4.5

 

I still favor the downside

 

Say hello to 7450.. again... yawn.

 

Here's a multi day format chart, going by what I trust purely and keeping it simple one can see that histogram is declining at a time when price hasn't REALLY made that much of bounce, let alone reversal. Keeping fundamentals out of the picture and just looking at the chart I would say yeah, more downside in the making, can I benefit from being correct? No, unfortunately, too long of a time frame. But intrigued, very much so.

 

Long 3

-3.5

Long 3

scaled out 2 +10.5


<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1604740>

 

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1604773>

 

Eventually

3rd +43.5

short 3

scaled out 2 +6.5

3rd b/e

 

Closing first FDAX 7521.00.... money, money, money - it´s a honey - in a rich man´s world...( you know that song ? )...

 

Expecting pullback maybe !! below 7500.00 again...7470 / 7480 area...

 

LOL AS, why honey? If I were you, then I would keep singing Money money money can be premium vodka in a rich mens world