FX:GER30   DAX Index
537 32 5
It is an area where most would like to buy into Santa Claus Rally.

Things are a bit crazy right now and markets are unlocked with potentially the survival spirit getting back.

It may fail and lead to 4 weeks correction in total.

If it is a Santa Crash, this could be the path.

To start with, 9440 should retain in close.

Trading: short 9440 stop 9650. Size small its 200pts into 2000. A 1 by 10.
That title though :D
Yesterday: The DAX decided. Today it is Sp500 that will decide if it wants to capitulate to the global trend or assume it is over elswhere and start up. You know my opinion: down to 1960 or more
Respect, so far the short 9440 trade is looking good. Thanks! I am not quite sure how you draw your lines in chart. Is it some wave counting? Thanks in advance.
YaKa PipBoy
just daily pivot which can be a out of nowhere level that the market respects.
YaKa PipBoy
+ the daily ATR is 190pts now...
so after having done 9215.. it is unlikely 9440 would be beaten today (just unlikely but possible)... tomorrow it could though... if the US did not break the ground.
Where the projection is QE program in Europe?
YaKa charlie.delta.trader
I have no clue.
It s been in the pipe for so long, I am not sure which effect it will have on delivery if at all...
The delivery is still far and I am not impressed with the Japan QE on Nikkei (which came as surprise/was not priced)
Many people told me: "market can't fall with QE pending" and there we are.
I am not sure. That is definitely why the short is difficult and why those shorting deserve their reward if they win against Santa Claus statistics and QE hopes.
QE works until it no longer works, sound complicated :-)
YaKa jangseohee
what you just said is actually very powerful actually:
The absurd reasoning is this: if they do QE, do you think the market is going to give us a top that satisfies the believers and makes the market reach levels that both Technical Analysts and Fundamentals analysts will easily spot as a TOP?
It has to be more complex... Once in a while markets have to be Machiavellic.. Call it the zero (green) at the roulette that comes and disturb your red/black statistics.
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