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postman
Dax down 70 at yesterdays low!
57 points away from 11,200, will she make it?
57 points away from 11,200, will she make it?
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postman
Given that bounce off 240 I think thats the low.
Atilla
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I'm not sure. That could be the route to testing 11210 which is PP-S1.
Needs to breach 11330 PP - to convince me.
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postman
I think Daxy wants to go up. Low in. Just my opinion. Its back to 11247 as I type so confidence waning.
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postman
I want to say 11,550 but I think thats a stretch even for Daxy.
Atilla
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I think Daxy wants to go up. Low in. Just my opinion. Its back to 11247 as I type so confidence waning.
I can see it bouncing off 11240 again. Now 11274.
Obviously 11240 is sigy...
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postman
Crazy day on Dax.
Just keep scalpin'.
Just keep scalpin'.
psaTrading
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European markets started the session trading in slight decline. Equities pared gains yesterday after the International Monetary Fund said that its team negotiating with Greece left Brussels after failing to make progress on a debt deal.
The IMF cited “major differences” for the withdrawal of its team, although it left the door open for further talks. The decision came amid increasing criticism from creditors at the Greek government’s refusal to bow to their demands, risking a default and ultimately an exit from the euro area. In addition, some European leaders demonstrated their concern regarding the time available for reaching an agreement. If no solution is found in the Eurogroup meeting next week, even if it can be reached later, the various parliaments would not have time to approve it before the end of the month, a key upcoming maturity of Athens’ debt, when Greece has to pay 1600 M.€ to the IMF. In short, the only certainty at this juncture is that markets will remain volatile, fluctuating according to news and rumors. The increased volatility can not be attributed only to Greece, as the actions of central banks in recent years, injecting an unprecedented liquidity in the global financial system, caused a sharp drop in volatility. Now, as some central banks (FED and Bank of England) withdraw this liquidity, volatility should gradually increase, returning to its historical average.
The IMF cited “major differences” for the withdrawal of its team, although it left the door open for further talks. The decision came amid increasing criticism from creditors at the Greek government’s refusal to bow to their demands, risking a default and ultimately an exit from the euro area. In addition, some European leaders demonstrated their concern regarding the time available for reaching an agreement. If no solution is found in the Eurogroup meeting next week, even if it can be reached later, the various parliaments would not have time to approve it before the end of the month, a key upcoming maturity of Athens’ debt, when Greece has to pay 1600 M.€ to the IMF. In short, the only certainty at this juncture is that markets will remain volatile, fluctuating according to news and rumors. The increased volatility can not be attributed only to Greece, as the actions of central banks in recent years, injecting an unprecedented liquidity in the global financial system, caused a sharp drop in volatility. Now, as some central banks (FED and Bank of England) withdraw this liquidity, volatility should gradually increase, returning to its historical average.
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postman
Dax 11,200 yesterday I thought it would get there, today I didnt think it would, and yet here we are.
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postman
Top move. On a day like today I would have taken +50 and then got back in again.
Dax is mad.
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postman
Dont forget next Friday is expiry, and NO shorts get paid for holding into expiry.
S&P up 34 by next week.
S&P up 34 by next week.
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postman
Dax I'm melting ....
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postman
Dax almost 300 points down from the high.
BOUNCE.
Long 11078
BOUNCE.
Long 11078
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postman
I think it might have just hit the 300 mark.
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postman
11190 close.
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postman
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postman
+5 Man that dax is running scared.
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postman
How close to the close (gotta love the English language) will that be.
f2calv
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Out for breakeven in the end, I had to pop out :/
