Monday

Contrarion Trading

Post a Comment March 30, 2009 – 9:09 am |   | Permalink |  Print This Post |

This may seem stupid - but we will open a small long position on the Dax at 4040 at $5/point. Stop at 4010. It is possible for it to get to 3950, but at -4% in the first two hours of trading, we see some intraday upside. At minus 4%, I have not seen a complete reversal since October days. So it is unlikely for the Dax to close up.