Complacency will kill the Bulls …

Market commentators don’t get it …

They say, that the expiration PRESSURED the markets … WRONG!!!

The expiration held the markets up until the last moment …
after the shorts were covered … market started to accelerate to the downside.

We have now FRESH MEDIUM TERM SELL SIGNALS!!!

And a lot of complacency … why?

Have a look at the VIX … we are FAR BELOW last peaks as the market hit lows …

Therefore … I will SELL ANY BOUNCE until we reach my targets and/or have buy signals!

Have a look here below … the bullish alternative IMHO is now out of question …

Chart Comment 22.May

The Dax targets now the 5.600 to 5.200 target zone …

Keep your seat belts fastened

And stay tuned

Tags: Chart, outlook

This entry was posted on Sonntag, Juni 22nd, 2008 at 21:09 and is filed under FDAX. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.