This year has gains in all indices by around 9% thus far. Its not extreme even though it might look it. Still expecting a pullback before the summer or right at the start. Might time perfectly with tech earnings at the end of April, so maybe we go up for one more week and then start to correct the last week of april or first week of may.
The combination of Covid being less of a pain during summer months as we saw last year, vaccination and lockdowns most likely being lifted. Should result in us going back to what we hope is the old normal. I think we will see less liquidity in the markets due to retail not saving money as much in the stockmarket and spend it instead. And FED either starting or start talking about tapering QE.
Waiting for 2-3 more days of green in DAX and then ill enter a swing short position with Target price below 15k and depending on the enviroment maybe all the way back below 14k.
Thanks for idea. It seems your idea worked so far. Can you please update.
piesky
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@AslanBaba, i dont know. Think we are bound to correct but i wanted 15500-800. Think we get one impulse higher. Maybe time to short on wednesday or thursday afternoon.
AslanBaba
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@piesky, Thank you for your update. I also believe so.
piesky
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@AslanBaba, Though i went short nas100 now though so who knows :) Im very unsure right now, its all about patience and i have none...
piesky
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So yeah, if we get the drop now DAX should trigger aswell towards first 14600-800
AslanBaba
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@piesky, I am expecting another High in DAX then short for a 2-3 months period. Will see. Have a good trades !