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DAX up to the minute commentary, page-67

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gse1963

9,485 Posts.

1

09/01/15

20:24

Post #: 14562258
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Originally posted by Martin Gifford ↑

It's hard to know. Bad job report means more chance of holding back on interest rates. Good job report means economy doing okay, but less chance of holding back interest rates.

I went long on the DAX at 9,854 cos it broke out after swinging wider earlier. Closed for a 4 point loss. Not in the groove the last few days. More chance of it going up than down , but I don't have conviction for it. It has also double-topped with yesterday now.

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It is possible as noted they could invert the last 2 days pattern and if so the top could be in the next 8-10 mins
so far the highest closing price on one minute bars is 45 points . 6 mins to go to see if it is a top as the next 10 min bar changes
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