DislikedMy 2 cents worth on Dax bounce at 10893 with possible spike low at 10776 {image}Ignored
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Carpe diem: Intraday tactics for Dax and Dow
- #9,564
- Jun 18, 2015 8:15am Jun 18, 2015 8:15am
- Joined Oct 2010 | Status: Trader | 5,442 Posts
[quote=Decu33;8334284]can't close today above 10, 970 (let's say 11, 000 to use BRN)" it's all bearish next coming days... unless Greece is saved"... 
I would agree, but never underestimate the Dax ability to rally strongly seemingly from nothing, but as you say, it all depends very much on Greece right now, and Tripras's meeting with Putin on Friday might produce a shock, ie, a massive Russian bail out!
I would agree, but never underestimate the Dax ability to rally strongly seemingly from nothing, but as you say, it all depends very much on Greece right now, and Tripras's meeting with Putin on Friday might produce a shock, ie, a massive Russian bail out!
- #9,565
- Jun 18, 2015 8:22am Jun 18, 2015 8:22am
[quote=cat;8334323]
haaaaaa, i wouldn't expect that , but hey, i guess for gas pipeline rights anything is possible
can't close today above 10, 970 (let's say 11, 000 to use BRN)" it's all bearish next coming days... unless Greece is saved"...
, but hey, i guess for gas pipeline rights anything is possible - #9,566
- Edited 8:35am Jun 18, 2015 8:25am | Edited 8:35am
- Joined Oct 2010 | Status: Trader | 5,442 Posts
[quote=Decu33;8334347]
Why not, it makes perfect sense for both parties - Greece gets to snub the EU and Russia gets the pipeline and all the Greek infrastructure projects. Remember, Greece and Russia are very closely linked in terms of culture and religion.
"There are a number of possibilities, including a multibillion euro advance on Greece’s Turkish Stream revenue and the arrangement of a loan from the BRICS bank. Note that this is a perfect time for Greece to explore the BRICS option. As we've noted on serveral occasions, Russia has invited Greece to join and reports indicate Athens could be eligible for a loan immediately and would be allowed to tender its paid in capital in installments to ease the financial burden of joining. Further, Russia will host this year's BRICS summit in Ulfa on July 8-9 where the $100 billion bank will officially be launched along with a $100 billion currency reserve, meaning Greece could serve as a kind of pilot project for the new fund.
All of the above serve to underscore Angela Merkel's insistence on going to extra mile to keep Greece in the euro even in the face of staunch opposition both from lawmakers and from the German finance ministry. In short, the Chancellor fears the geopolitical ramifications of a Grexit could, in the long run, prove more detrimental than the economic consequences, especially considering the situation in Ukraine. "
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{quote} haaaaaa, i wouldn't expect that
"There are a number of possibilities, including a multibillion euro advance on Greece’s Turkish Stream revenue and the arrangement of a loan from the BRICS bank. Note that this is a perfect time for Greece to explore the BRICS option. As we've noted on serveral occasions, Russia has invited Greece to join and reports indicate Athens could be eligible for a loan immediately and would be allowed to tender its paid in capital in installments to ease the financial burden of joining. Further, Russia will host this year's BRICS summit in Ulfa on July 8-9 where the $100 billion bank will officially be launched along with a $100 billion currency reserve, meaning Greece could serve as a kind of pilot project for the new fund.
All of the above serve to underscore Angela Merkel's insistence on going to extra mile to keep Greece in the euro even in the face of staunch opposition both from lawmakers and from the German finance ministry. In short, the Chancellor fears the geopolitical ramifications of a Grexit could, in the long run, prove more detrimental than the economic consequences, especially considering the situation in Ukraine. "
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- #9,567
- Jun 18, 2015 8:35am Jun 18, 2015 8:35am
[quote=cat;8334355]
i see Greece as a restricted free agent, Russia makes an offer, EU has the right to match that
no, but all jokes aside, i see Greece aligning with Russia if it's kicked out (i mean it would be really cheap for Russia not to make a move, or maybe even China) but i don't see the US letting the Europeans lose that strategic place, especially when they're stacking all kinds of armies and bombs on the Russian border...
{quote} Why not, it makes perfect sense for both parties - Greece gets to snub the EU and Russia gets the pipeline and all the Greek infrastructure projects. Remember, Greece and Russia are very closely linked in terms of culture and religion.
no, but all jokes aside, i see Greece aligning with Russia if it's kicked out (i mean it would be really cheap for Russia not to make a move, or maybe even China) but i don't see the US letting the Europeans lose that strategic place, especially when they're stacking all kinds of armies and bombs on the Russian border...
- #9,568
- Jun 18, 2015 8:39am Jun 18, 2015 8:39am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
DAX, Weekly, 2015 June 18 I tend to execute more shorts around ~11'205 & ~11'320, if so. ~10'086 (Dec 05/08 2014 Daily chart) seems one interesting target, next 9'790. FXcube {image}
. Imo with hikes @ the corner mid term longs (lets say 1-3 months) not very safe as they for sure gonna trigger equities correction all @ globe. On the other hand, Daxie got sold partially thx to Greece mess (I sppose you know what I think of the issue. We cant let our bros fall, EU is too rich to do that, is megaeasy.) and long term (1 year+) still buy. So, am still flat here but eager to go long after initial wave of hike correction, as once US starts to deleverage, with bouncing Oil and troubles in Japan, there will be the one and only stocks in the world to buy. I buy Germans .
"I know one thing, that I know nothing." Sokrates
- #9,569
- Jun 18, 2015 8:47am Jun 18, 2015 8:47am
- Joined Oct 2010 | Status: Trader | 5,442 Posts
[quote=Decu33;8334388]
'Fuck the US' is my response to that in vibrant Victioria Nuland style!
{quote} i see Greece as a restricted free agent, Russia makes an offer, EU has the right to match that
- #9,570
- Jun 18, 2015 8:49am Jun 18, 2015 8:49am
- Joined Oct 2010 | Status: Trader | 5,442 Posts
What did I just say about the Dax - just when you think it's down and out, it comes back and kicks you where it hurts ( if your'e short that it!)
- #9,580
- Jun 18, 2015 9:21am Jun 18, 2015 9:21am
- Joined Oct 2010 | Status: Trader | 5,442 Posts
{quote} thanks...I do not use R1...where is it.... I use Market Profile mostly old picture..example {image}
ps - it's passed the 76.4% for the day, so that could be the top, as the 76.4% is always a big level. Your decision though.
