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I am looking back to the scenario post 1'081 from December 14th last year:
What do we see? The price went a bit higher than foreseen and is now diving as foreseen (a bit later than
expected). Now I am pretty sure that the levels mentioned in that post will be seen and even lower levels
are highly probable.
The next few weeks will be in the hands of the bears!
The long awaited slip underneath 9000 happened yesterday after cash closing.
Daily range was 236 points and does not allow a system trade today.
But in all the trend will be followed short and this direction could bring a lot of points.
Here is why:
1) Krim conflict and poll in this weekend brings a lot of uncertainty
2) Triple witch Friday next week - gives some more vola than normal
So head for the gains!
A good example of "some" pushing prices we have seen today in the Dax:
From 12:30 to 13:00 within 30 minutes price went up 156 points and volume reached
more than 3'000 contracts in this period. (Putin speech)
In the triple witch week some unforeseen moves are standard... So some bigger
market participants may force pricing into the desired area.
Only thing to be out of troubles: staying at the sidelines or watching what the
market is doing - every minute during cash hours.