YaKa

DAX - Chart Recalibration

FX:GER30   The DAX Index
520 12 7
The last few days were very strong and came as a surprise in posture where all indices could have corrected.

The correction is still pending and could happen any time although grinding higher is very possible now that the motion is in place.

The blue trajectory is just speculation for now.

As per my previous trade with stop 10400 on close - today it worked. let's see monday.
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Peanuts may be , but better as nothing...! I prefer take short position when its possible....with this crazy market who could explode at any time...my view!
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china cut interest rate again. looks like its going straight to 11600
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YaKa PRO NepaliHercules
Hi NH, I did not see the news. Could you send me a link.
you may be right....
there is a point where the market is going to be too full of these successive stimulus and will puke counterintuitively on one of these news release... it is becoming nuts..
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YaKa PRO NepaliHercules
At some point, markets participants are going to think rationally. Rates are already sub zero up to 5y in Germany. A rate cut in China helps a bit but does it justify an extra 2% on the news against key resistance. I dont know but it is not certain to go up.
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it went up 2% last time they had a interest rate cut plus QE is starting from march. so we'll probably see a big gap up on sunday. i did go short on 11390, lets just hope it doesn't gap up much.
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YaKa PRO NepaliHercules
The market reaction depends on posture.. when was the last time they cut so i can check?
+ do you have a link to an article on the rate cut... could not find it on ft.
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