8) Long the CAC with a stop-loss order below 4390 then short

INDEX:CAC   CAC 40 Index
As mentioned before, there is a massive convergence at 4666 (scenario 2). 4600 could be shorted too, but be ready to suffer some losses if the CAC 40             goes to 4666 thereafter.

My bet would be that the CAC could run down either today or tomorrow to as low as about 4400. Long @4423 seems to provide a good risk-reward ratio.

The afternoon session could become a good scalper's day.

I would be very surprised if the CAC 40             goes much lower than 4400
4397 is my target. Then I would go long (target 4600-4666). We are around 4425 right now. Tricky European markets that won't fill in their gap, yet. The DAX should not even go any lower than yesterday's previous low (support), but the CAC will probably make a fakeout at 4397 and go up up up.
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