This DAX is jumping around like a cat on a hot tin roof!
I still wouldn't be surprised to see 8900 later on today, wall Street just gone blue
Gotta put yourself in the fat a$$ pro traders shoes. I've sold all of yesterday, then slowly moved up the market and then just pushed it back down again to make it look like its going down further. Retail guys have come in shorting. Where are they putting their stops, above the high of today, probably 10 points further, so 8890. We'll drive the price up, take out those stop and then head off to the pub.
or 2)
I've sold all day, brought the market up to make it look like its turning up then sell taking out the longs. Then bring it down to the low again and make it look like a nice bounce. The longs are in, lets tear them a new one and bring it a lower low to finish off the week. We'll buy it back again next week.