I'm right with you on this one... similar target level. That's why I've loaded on Long / Shorts. However, a cheaper EUR may lift it to new levels!

Carpe diem: Intraday tactics for Dax and Dow

Fed rate hike looks like it'll get pushed back IMO... so does that mean the gold bugs are back? We'll see on NY Open.

Only Gold!

Should be a good sell-down on NY Open. Hoping it rises more! Test shorts on NY Open!

Only Gold!

Using your source, I calculated a weighted average PE for the entire DAX by utilising the PE and Market Capitalisation for each company. If we get a good little mini correction, I'd be happy to go long and hold it until next year!

Carpe diem: Intraday tactics for Dax and Dow

Average PE (2015) is 14.63. Forward PE should improve as EUR cheapens. DAX could easily get to 13,457 (17.5 PE) within a year.

Carpe diem: Intraday tactics for Dax and Dow

Thanks I might test a Long position before Draghi's speech. Fair chance some QE talk may pump the Dax again.

Carpe diem: Intraday tactics for Dax and Dow

Is current PE only 13.23? CNN Money shows that it is 19.5? url

Carpe diem: Intraday tactics for Dax and Dow

Germany AUCTIONS 5-YEAR NOTES AT NEGATIVE YIELD FOR FIRST TIME. YIELD IS -0.08% Could this pump the DAX PE ratio (average at 19.5) to way new levels? (and the Index balloon further)

Carpe diem: Intraday tactics for Dax and Dow

Yep, I think so. Dax may be quiet until then.

Carpe diem: Intraday tactics for Dax and Dow

Fair chance we may get a spike as Draghi reveals more about QE... Those auto-trades may pump it up quick!

Carpe diem: Intraday tactics for Dax and Dow

Thanks. Interesting might hold the Longs until then. I see the March pullback as short-lived, and the Dax moving to new highs very quickly after that. Attached is a Chart of the Dax and the markings of the pullbacks around this time of the year.

Carpe diem: Intraday tactics for Dax and Dow

The start of this current bull run is attached. It has had 10 day pullbacks twice before in this bull run and once it retreated back to the 2x1 line. The key dates of 6-9 or 14-16 March seems to have appeared in the past (on 7 out of the last 9 ...

Carpe diem: Intraday tactics for Dax and Dow

Just curious, I've just noticed that the DAX has experienced major pullback around these dates. Here are the approximate point movements: 28/2/06 to 8/3/06 : -350pts 27/2/07 to 16/3/07 : -500pts 18/2/08 to 16/3/008 : -900pts 9/2/09 to 8/3/09: ...

Carpe diem: Intraday tactics for Dax and Dow

I agree totally. I got burnt big time earlier on Dax. Tractor.

Carpe diem: Intraday tactics for Dax and Dow

Greek deal was a sure thing... Here's why: url Dax is going to the heavens. God bless the Deutz tractor.

Carpe diem: Intraday tactics for Dax and Dow

News flash on Reuters: The Greek prime minister Alexis Tsipras has asked European Council president Donald Tusk to convene an EU summit on Sunday if finance ministers fail to hammer out a deal today, according to a Greek government official. url

Only Gold!

Read my post below, believe me Greek Deal will be done. url

Only Gold!

Greek deal will be done. I have no doubts.

Only Gold!

I've taken long / shorts. Will dump the shorts once Greek deal is done. No doubt it will be done. then ride that long home all the way!

EURUSD

D1 - If the Euro tanks to new lows (say 1.07 against the USD), what target would you put on the Dax?

Carpe diem: Intraday tactics for Dax and Dow