Hi
I have started a new thread as the other one was 100plus pages. If we want to go back to that one just post on it & I will know.
I think ECB meets on the 6th for rate decision.
Hi
I still think we have another low to come. I feel that last time when the dax was dropping & the ecb stepped in it stopped it in its tracks & the dax has not got its strength back yet as it has not bottomed naturally.
Probably another shot at 7600 before we go down again.
Morning
The dax seems to have a weakness to it at the moment. Prob due to the fact that it did not seem to pull back like the US a week or so ago.Due to ECB stepping in. I think it needs a better pullback before we see 7800 again
PS anyone see oil bouncing from here?
i think with the ecb willing ti inject & prop up Dax we are not seeing the real selling compared to US. I hope to see a bounce from here into 21st. fingers crossed.Then we may get a bit more off a sell.
Had a disaster on Friday lost my Broadband internetat 3pm so missed all the fun. I was so frustrated. It was a fault on the line apparently.A nightmare! 24hours and back up & running.
At least next week is a new week.
I would not be surprised to see another test of lows on monday before up. I...
ECB has pumped in huge amounts for the 2nd day. I can not see them letting this drop too much. Poss 7000 maximum.
I wander if Fed will pump in more later as ECB & Asia have both propped up the markets.
Problem is how much to support the US markets.
Kevin
I thought you sounded like you have good money management.
Dax 7332 @ 11.22
01. ECB provides further EUR61B to boost liquidity
5:51 AM ET, Aug 10, 2007 @ 10.50am
That is what is stopping the Dax dropping much at the moment. Dow just cam off 70 points Dax not much at all.
Kevin Kevin Kevin
Kevin
My BIGGEST mistake was trading too much pp. Please be careful I have lost my shirt several times doing this. I am now back to a lot smaller stakes & feel much happier & safer.
Just take care
I have watched this set up a few times when dax has just not dropped & US has. It was a very very lucky 100 points. Def taking candy from a baby.
Onto oil do you trade light crude?