Always good to look back in time. remember this : Tiscali – Important Italian telecommunications company whose share price grew from €46 (IPO in November 1999) to €1,197 in four months. They fell to €40 afterwards in less than two months and have continued plummeting to well under 0.2 euro.[ Think Tools AG – One of the most extreme symptoms of the bubble in Europe: market valuation of CHF 2.5 billion in March 2000, no prospects of having a substantial product (investor deception), followed by a collapse InfoSpace – In March 2000 this stock reached a price $1,305 per share, but by April 2001 the price had crashed down to $22 a share. The only thing you have to do is maybe replace Tiscali by Snapchat and Tinktools by Uber :) Everytime the RSI is overbrought in the monthly , There will be a correction that year. So it's just waiting now , who turn the fire on the wick :)
is QE in Europe works the same marvel like QE in US?
Farbenspiel
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Smart money could be the black swan. Fooling the masses by taking their profits NOW. It could have crash like potential, because most private longies entered really late and could attempt to run away with relatively small losses (dax sentiment was never really bullish, except for last days). After such decline, potential for up to at least 12.000 points is still on the table, but i'm sure QE won't start tomorrow, so its enough time to look at the downside first.
NepaliHercules
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for some reason i think market is going to go crazy and might go couple of hundred points up before seeing any form of retracement. market always tends to overshoot. last time china cut interest rate it went up by over 2%. i am short 11395, im gonna get out of it as soon as the market opens. was a perfect area to short up until china decided to cut the interest rate. im a bit leveraged on this position, so i don't wanna take unnecessary risk
NepaliHercules
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china cut interest rate along with QE starting this week. so it might go another 1000 points