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speckledjim1

12,160 Posts.

287

01/10/15

18:57

Post #: 16100244
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Originally posted by strauss ↑

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

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Perhaps a dictionary? I said could not has.
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