FP -----QPP getting a good lift today ( AFR not so !! ) Yes, haven't learnt my lesson on Dax yet, apparantly (lol) --still , only 206 pts. astray now !!-- GL.
Well ------i suspect that i'm not the only one that has no idea where the Dax is heading ?? ----the CLOUDS by the look of it !!---- I was 66 pts down --i'm now 230 pts down ---not that bad atm !!-- unless the Dax wants to continue to 12500 or something equally as stupid (lol) --- GLA. ---got my hand on the "plug-chain " !!--
Morning F4 ---- Yes , a bit bouncy !!-- Anyways i'm short the Dax now from 12032 ( well , actually just closed one of the june hedge longs --so same difference !!) ---overbought now and got 66points to claw back --so who knows, might get lucky ?? )-- GL sir .
Dax----To Infinity and Beyond (lol) or 12000 at least ---just as well i opened those June hedge longs ---Everyone selling the Dow and going into the Dax it would seem atm !!--- absolutely , absolutely and absolutely again beyond my tiny mind to comprehend what the F*** ( excuse my french ) is going on ??? ---- The downtrend reversed off that 11760 supp level this lunchtime and never really looked back !!-- I would like to say i went long at that point but sadly not as i have only just returned to the "fray" after a trip out !!_ I hope somebody went long !!---or short off the double top at 11950 !!( it's a joke or i'm dreaming , --yes i'm dreaming --that god for that --for a minute there i thought the Dax had actually hit 11954 (lol) -- GLA
Oops ---"are doing very well" (lol) ---
FP --Afternoon ---Not had a chance with the Sprints atm --will do tho' !!_ GL with Afren --- Dax in a good little downtrend atm ---swinging on the 1 minute nicely from oversold -overbought -oversold !!-- Three more trades ( 2short ,1long )--and i'm only 66 points in the red now overall --getting there slowly but very carefully !!- Two Esure longs after the results drop a few days ago is doing very well atm. --good divi in april as a bonus --so fingers crossed !!- GL .
Good Morning All ---Friday 13th for all out there that take notice of these things !! -- Well, looks like a top has formed on the Dax 4 hourly @ 11845/46 --- The Intraday 1 minute top/high looks to be around the 11859 mark !!-- gave me a quick 35 pts. short off 11855 ( only 136 to go now !!) -- Dax running out of steam a little now perhaps ?? ---carefully does it atm --- Gold apparently heading for 1140 now ( oh dear ) and Oil ( light crude) heading for $40/barrel ---- not my forecasts but it does look more than likely i'm afraid !!- Perhaps i should start believing in the "tooth fairy" or "santa claus" or "god almighty " or something !!--(lol) --- No offence to anyone intended !!-- GLA --brew up time ---
Another 21 pts . gives me an av. of 11777 ----looks strong again so only trading the obvious rsi oversold or overbought or supp levels ----going to get difficult now Dow has closed for the night !! ----- 11830 now supp1 -- 171 pts in the red in total over yesterdays 3 short posns atm. ----have now hedged long against the 3 posns with equal june contracts to save chasing my tail on any further rises !!---- may attempt to get that back by a bit of scalping tomorrow !!--we'll see --- Fed up now -- GLA.
Three more Dax trades for a total of 54 pts. --now puts my av. @ 11770 --getting closer slowly !!-- GLA.
I see someone got rid of the Spread Betting Section " hitch-hiker " !!-- GLA.
Oh well --there goes 1 minute wider downtrend !!---no confirmation yet tho' -- GLA ---
Well---the Dow making a spirited recovery atm ( back above 17800) and the Ftse heading for 6800-- Four very careful Dax trades have given me 96 pts . ---brings my av. psn. level up to 11752 (getting closer !!) ----- Closed out MRW short for 9pt gain . Doubled up on ESUR long @ 206p --average now 208p . SL short still going against me ( for now ) --consolidation on monday may see a drop , hopefully ---well, well, overbought now !!-- MERL long doing ok .-- GMS & NII longs still not moving much !!-- Gold had another go at a bounce very early on this morning --dropped back now again i see !!--- Todays 1 minute Dax downtrend still in tact --altho' the younger smaller downtrend has just seen a reversal !!-- Trying to regain 11800 ----a rise above 11810 will see the wider downtrend reversed --- GLA ----
Another 62 point drop to b/e ---out then !! (probably-lol) --- GLA.
GB--just to add --the Futures Markets look at and are driven by many factors other than the Dax30 companies and Tracker Funds !! -- GL.
GB --Good Morning --- there are only 30 companies making up the Dax30 --they all have different weighting factor as do all the companies in the Ftse100 and Dow30 ----so buying these 30 companies , as you know, alters the rise and fall on a normal basis of the Dax30 Index --- If you look at all 30 companies in the Dax30 -- to have given the Dax30 this phenominal rise they would all have to be extremely overbought , and i mean , Extremely Overbought ----and they aren't !!-- The rise is in part due to the buying of the 30 Companies but more to do with the buying of the Dax30 Index Futures fuelled by large US (and others) tracker Funds ---buying into the percieved strength in the Eurozone , more especially, the German Economy ---Draghi's speech about pumping billions into the Eurozone fuelled the 300+ rise yesterday !!-- It's hard to see now what will stop the Dax reaching 12000 and well beyond ?---nobody would want to see Ukraine or some such disaster be the cause but unless something happens soon then 12000 is the target everyone is looking for --- It should , in theory , technically drop towards that 11600 4hourly level as it's well overbought on all indicators ---but who knows ? -- It's dropped below supp1 and supp2 on the 1 minute as i post this and even dropped below 11800 ---so fingers crossed for a meaningful, well overdue pull-back ----. The Dax rise has been to the detriment of the Dow and Ftse , which Analysts see as dropping further yet ?? -- FP took the "hit" on his Dax shorts ----i may have to do the same if the rise continues and we don't get at least a 100 pt,. or so drop from current levels !! -- GL.
Dax Res1 now 11840 , Res2 11850 --
Dax supp1 has now moved from 11800 up to 11820 .---- GLA.
SirG ---Yes , 11600 , give or take a few points either side is now the 4 hourly bottom channel line ----my previous posted top channel line of 11750 has been surpassed atm --i would like to see a drop below that soon to bring it into the channel again --and then the drop to 11600 ish -- Damn shame i don't follow my own predictions when looking to the long side (lol) --- GL.
SirG -----Yes , getting almost beyond belief now ---trouble is it's not Dax30 stock buying , it's Index driven so the usual profit taking rules are not applying ---much higher could be seen unless we get some sort of catalyst for a drop very soon !!--- GL.
FP------another short for me off 11819 gives me a 3 posn. av. of 11719 ---see how that goes for a while !! -- Never traded the sprints but may have a look-see if the Dax keeps going against me !!!----- GL ----