Day 5
Situation:
U.S. Markets: sold off on revived fears that subprime and CDOs problem bigger than “thought” … analysts are soooo intelligent … 
bounced a bit in the last minutes related to today’s expiration.
Asian Markets: selling off as well … with Hongkong taking the hardest hit
Commodities: sideways Currencies : Yen strenghthens again
Events: US … Net Long-Term TIC Flows … Industrial production … Europe … Barclays outlook downgraded to negative after close
Dax: big downside move … immediately looking for next support 7580/90 … below that 7370 comes into play … 7100 or even lower … technical target, if fall is not reversed “now”
Ideas/Strategy: EXPIRATION DAY … so … very cautious … maybe I don’t trade at all today … just looking for establishing a short … but even the 1st retracement levels seem far away …
Tags: Barclays, daily outlook, expiration
