DAX and Dow
Indices, with their higher volatility, their spikes and their crazy sensitivity to any kind of news are trickier customers. However, the rewards could be quite handsome. Again, these 2 are supposed to be quite correlated, but, especially on shorter time frames, the results could be rather uncorrelated. DAX was penalised more heavily than Dow from the sideways/spikey market. DAX was basically not affected from the FOMC event. They were both on the “right side” at the time of the event.
Indices, with their higher volatility, their spikes and their crazy sensitivity to any kind of news are trickier customers. However, the rewards could be quite handsome. Again, these 2 are supposed to be quite correlated, but, especially on shorter time frames, the results could be rather uncorrelated. DAX was penalised more heavily than Dow from the sideways/spikey market. DAX was basically not affected from the FOMC event. They were both on the “right side” at the time of the event.