Kristof Mouton

Today we'll see 11730 area.

level around 10850 is first Fibo support.

The problem is that sensible (boring) hardworking people must always pay the bill of 'the others'. I see you write currency in GBP, so you are from UK I guess..go to Sheffield and tell people what you just have written over here.. And something to think about: would you like to live in North Korea...I guess not. Well we are good on track if the "government" is taking it all over. Here we can't even pay more than 3000 euro in cash any more. I can't go to the bank to empty my account without giving a good reason. Do I need to go on? . We're losing our freedom. Hope you can explain this to your children if you have them. Just stay Bullish...haha!

neither there's a price on selling orders..Look at the monthly and the distance between the current price and the MA55..way too big.. Actually there isn't solid growth and if there is, delete QE and look what will happen.

Everybody is thinking nothing can happen with the market because QE is there...always expect the unexpected.

Almost at 1.618 fib extension.

I think you mix "QE" and "Fundamentals" imo...central banks have to stay out of the stock market, this is not what they are original designed for. This is a financial experiment, nothing else...if they are in a hurry to put the indexes at a extreme high level, why don't they just put it there immediately...

if there were fundamentals why do they need QE

@Altan Cankaya: indeed, depending on the time frame you're trading, there are always selling opportunities. A "safe" short opportunity is around the S&P500-level of 2140 / 2150. I don't know what level it will mean for the DAX but keep an eye on SP500. Do not underestimate the Xmas rally everybody wants to see...

@Altan Cankaya: no I am not kidding. I showed the monthly graph just to indicate the fibo-target. 2150 area is just 4% rise from here. A couple of days with 1% rise and it's there...one year!?

Do not short the DAX until the S&P500 reached the 2150 area.

I Agree...Weekly is also in "oversold" territory.. In the 73 area (0.5 fib), I expect a rebound (short term).

The real danger for the market is: "the lack of danger".

where is the level 3300 coming from?

Who said it has to fall. Let the market correct in a decent way and "maybe" they will be able to avoid a bubble. I guess stocks were build to be able to buy and sell on the waves. Even the waves are gone. What you see right now is even not greed any more, it is arrogance (FED @ the back)!

I'll wait a bit to go short. Just want to see how price is acting around the 127.2% fib extension (= around 1837) The fib period is taken from 10/2007-03/2009. Think we will go slightly higher first. Think the bonuses are not calculated yet...