Day 4
Situation:
U.S. Markets: consolidating all day … last 30 mins down … Nasdaq after close further down on AAPL … MER up on new CEO … he led before his job as CEO of NYSE the mortgage business at Goldman 
Asian Markets: cautiously consolidating …
Currencies/Commodities: Yen losing further ground against the Euro, now corrected around 50% … China says Dollar still core … should diversify reserves. Commodities sideways
Events: US … CPI, jobless claims, Empire Mfg., Philadelphia Fed … Euro Zone: CPI … Barclays … figures … 2 weeks early to calm market fears
Dax: underperformed yesterday on Goldman downgrade … support 7740/45 below 7700 7715 but … as we would break 2006 uptrend … more is possible on downside … resists: 7834 … 7860 … 7920 … 7960 … 7990
Ideas: below 7740 support on 60mins close … short and hold … otherwise … range trading and waiting for our friends who like the last 30 mins
Tags: China, daily outlook, Goldman, Merill Lynch
