1) Benefiting from a thrust from an oversold situation on key support.
2) Quarterly option expiry next week which is a pull on delta management.
3) Greek deal which could be reached despite media alerting tone.
> I would take profit on 2/3 of my long position at 11,500 and play the last bit up to 12,000 in 10% size.
> Move stop to entry at 11,000 (on close).
> 12,000 would be a fantastic short towards the end of the month – factor excess 12,200 on emotional announcement.
Watch on intraday stops, with DAX , there can be airpockets of up to 500pts intraday (like what happened on SNB announcement in January). Hence my stop on US close.