ROFL VW has been the catalyst to bring the DAX down
VW collapsed from $240 to $100 in a matter of weeks and the scandal also brought down other car makers like BMW
The question now is how much downside is left
I doubled up on my shorts at 9780 and closed out my 9700 shorts just then at 9715 for a small loss
could go either way
also opened up a short on All Ords 5110
Keep at it Ddino and remember these indexes behave very differently to stocks Im just trading the ranges and only taking a trade that offers at least a 1:1 risk reward
ie short DAX 9700 with a stop 10,100 as 10,000 should prove to be very stiff resistance and a limit of 9300 my previous profit point and switch to long
All Ords short 5110 with a stop up at 5310 unlikely it will be able to get through 5,200 and a limit 4910 my previous long point
