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Carpe diem: Intraday tactics for Dax and Dow

  • #5,981
  • Edited 2:41pm Feb 28, 2015 2:30pm | Edited 2:41pm
Quoting srt
{quote} My guess below :-) {image}
And then down to 11,236 I'd be in big money if we dropped that far lol
Volatility makes me feel alive!
  • #5,982
  • Edited 5:55am Mar 1, 2015 5:38am | Edited 5:55am
Quoting Bones
first movements of index are important ,dax is very overbought ,I know fundamentals don't agree as market is supported QE , false market of course anything could come up it wouldn't take much for sharp pull back ,sometimes strong close like that can be bearish its just a thought nothing really to suggest pa wise ftse under high ,dow just over ,dax well over ,all on or around original tl , gap down could be bearish in all cases , possibly dax will respect 11300 for up, {image} {image} {image}
I did the recalcs on the DAX, it has an Average PE of 14.9 at the current Index level. It looks overbought on the charts, but on fundamentals, possibly not.

I understand that the Average PE for the SP500 > 19 at the current Index level. Source: http://www.multpl.com/

On fundamentals, the DAX looks like its still has a lot more to go, especially with the false market (QE) supporting it.

Target: 13,457 points & Average PE = 17.50 (* this seems a conservative figure based on historical market valuations of the DAX - refer to post: http://www.forexfactory.com/showthre...07#post8095307).

If the current trend channel is in play for the Dax, then it could get to 13,457 by 8 April 2015 to 25 April 2015!

However, I realistically think we'll get a speed hump and I think this target is more likely to be a year away (Aug 2016 was my forecast).

If anyone else can point to other sources to verify the Average PE of both markets, then please post!
  • #5,983
  • Mar 1, 2015 6:42am Mar 1, 2015 6:42am
I think my main point is if you look price normally dose not spend much time over the bands ,and each chart seems to be set up opening under original tl ,Dax is this high technically cause thats where the tl is purely technical approach which may not work with whats going on


Quoting jcb94
{quote} So you think we could feasibly go to 11,300 but do you see it going any lower? 11,300 would do for my shorts and then another opportunity to go long but I want it to go to in to the 11,200's. Perhaps some news will influence it.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #5,984
  • Mar 1, 2015 6:46am Mar 1, 2015 6:46am
if I'm honest I don't understand what PE is ,hows your channel look ,


Quoting PariCovek
{quote} I did the recalcs on the DAX, it has an Average PE of 14.9 at the current Index level. It looks overbought on the charts, but on fundamentals, possibly not. I understand that the Average PE for the SP500 > 19 at the current Index level. Source: http://www.multpl.com/ On fundamentals, the DAX looks like its still has a lot more to go, especially with the false market (QE) supporting it. Target: 13,457 points & Average PE = 17.50 (* this seems a conservative figure based on historical market valuations of the DAX - refer to post:...
Attached Image (click to enlarge)
Click to Enlarge Name: Germany 30 2 day (DFB).png Size: 28 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #5,985
  • Mar 1, 2015 5:42pm Mar 1, 2015 5:42pm
Quoting Bones
if I'm honest I don't understand what PE is ,hows your channel look , {quote} {image}
PE ratio = Price (share price of every company) / Earnings (earnings of each company).

Fundamental analysis to ascertain whether the underlying asset (company, index, etc) is over / under valued.

The lower the PE ratio, the cheaper the asset is considered, and vice versa.

My trend channel looks very similar to yours.
  • #5,986
  • Mar 2, 2015 12:49am Mar 2, 2015 12:49am
Good morning in March
  • #5,987
  • Mar 2, 2015 1:17am Mar 2, 2015 1:17am
GM

already new ATH... Looks like we keep on pushing higher and higher
  • #5,988
  • Mar 2, 2015 1:24am Mar 2, 2015 1:24am
Quoting Kijun
GM already new ATH... Looks like we keep on pushing higher and higher
hello..what a moves UP
  • #5,989
  • Mar 2, 2015 1:26am Mar 2, 2015 1:26am
Quoting Kijun
GM already new ATH... Looks like we keep on pushing higher and higher
Did you catch that move Kijun?
  • #5,990
  • Mar 2, 2015 1:28am Mar 2, 2015 1:28am
Quoting Amahesh
{quote} Did you catch that move Kijun?
nope normlay im out until frankfurt open
  • #5,991
  • Mar 2, 2015 1:36am Mar 2, 2015 1:36am
hope we get a little pullback on London open...
  • #5,992
  • Mar 2, 2015 2:01am Mar 2, 2015 2:01am
good morning,

long @11405 sl -10 tp +30
fortis fortuna adiuvat
  • #5,993
  • Mar 2, 2015 2:02am Mar 2, 2015 2:02am
long 11.410 here tp+30
  • #5,994
  • Mar 2, 2015 2:02am Mar 2, 2015 2:02am
Quoting deltaone
good morning, long @11405 sl -10 tp +30
sl = be now.
fortis fortuna adiuvat
  • #5,995
  • Mar 2, 2015 2:10am Mar 2, 2015 2:10am
Quoting Kijun
long 11.410 here tp+30

out +5 PA is to slow for me

edit: should have waited 1 more min haha
  • #5,996
  • Mar 2, 2015 2:20am Mar 2, 2015 2:20am
Quoting deltaone
{quote} sl = be now.
tp hit. +30
fortis fortuna adiuvat
  • #5,997
  • Mar 2, 2015 2:22am Mar 2, 2015 2:22am
Quoting Kijun
{quote} out +5 PA is to slow for me edit: should have waited 1 more min haha
today, €qe-baby is born. making his first cry, filling his loungs with bonds

ecb buying bonds on the secondary market. so from now on, every depressed pension fund can sell this interest-free risk to the draghi brothers. in germany, life insurance companies have a stock portion of 5% - fresh money will rush in the market.
fortis fortuna adiuvat
  • #5,998
  • Mar 2, 2015 2:26am Mar 2, 2015 2:26am
24/5-based daily pivots as demanded:

http://ec.md.it-finance.com/ProRealT...g&purpose=file
fortis fortuna adiuvat
  • #5,999
  • Mar 2, 2015 2:38am Mar 2, 2015 2:38am
clear breakout to the upside, well guided by fundamentals. dax with best 2 months performance in history. 15 stocks of the 30 dax members reported earnings for 2014 which increased to 64.000.000.000 €, dealings increased nearly to 600.000.000.000 € (excluding banks)

http://ec.md.it-finance.com/ProRealT...g&purpose=file

http://ec.md.it-finance.com/ProRealT...g&purpose=file
fortis fortuna adiuvat
  • #6,000
  • Mar 2, 2015 3:13am Mar 2, 2015 3:13am
Quoting deltaone
{quote} today, qe-baby is born. making his first cry, filling his loungs with bonds ecb buying bonds on the secondary market. so from now on, every depressed pension fund can sell this interest-free risk to the draghi brothers. in germany, life insurance companies have a stock portion of 5% - fresh money will rush in the market.
New era for Europe has begun, Europe joined the club LOL http://news.bbc.co.uk/1/hi/8678979.stm
Make sure losses are small and profits are bigger!
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