Funny ride … we gapped up … moved away more than 100 points from the low and BEFORE the US open … travelled all back to make a new low … so far by 1(!) point
After some people with brains … yes there are still some around … recalculated the Citibank news and […]

Situation:
U.S. Markets: Lost more than 2% till the closing bell … now recovering as Citibank receives 7.5bln$ from Abu Dhabi.
Asian Markets: recovered most of their losses, Japan closing even up as Yen weakens on Citibank deal … news agencies see reviving appetite for the carry trade … PLEASE BoJ … HIKE THE RATES!!!! PLEASE […]

As technical problems with my trading platform … after the new EUREX release hold me back from trading … let me ask you:
HOW MANY TIMES CAN YOU JUMP OUT OF A WINDOW?
Answer: As many times as I keep enough money to play that *smile*
Good example … yesterday … everybody bought the open … […]

A rally in Asia … just enough to create a nice gap in the Dax … which could have been faded as it was created exactly at the top of the (bear)flag … Sell signal reached its target late afternoon … See below …

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A quite perfect flag, I think I will use it […]

The US keeps us busy, guessing, whether the consumer still is in the right spending mood (have a look at TechCrunch) to drag the market higher …
First results show positive results, showing a 8.3% increase on last year and online traffic to merchant sites up 61(!!!)% compared to last year.
Another possible good news for the […]

Next week could decide the fate of the Dax … as well as other markets … (pls. see Chartcomments MONTHLY and DAILY)
We had our “holiday-related” bounce, BUT next Friday is the end of the month and a lot of data coming up, giving plenty reasons to buy or sell.
Everybody talks about …
-the retailers … […]

Having a close look on the monthly chart, one can see, that it is about decision time for the DAX …

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It moved since 2003 in an uptrend which it even broke to the upside in April, this year all the way back to the former All-Time-High, but was not able to close […]

The bigger view shows that we are chartwise clinging to the “last” uptrend … the shortest one … starting in July 2007 …

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After already breaking the more important uptrends (2003 and 2006) … we are at the moment creating a “M-Formation” reversal pattern within a still possible flag formation …
BUT … if we […]