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These circles are FIB circles. If you check my journal here with "fib circle" then you will find
how to use them - and what they are good for. I mentioned them in different threads as well.
A quick overview over the Dax until today:
We are at the turning point (see spiral) - and way down along it might cross cloud tomorrow
Wednesday with the foreseen short (as nearly always).
bad trade - FED results 20:00 and insolvent AirBerlin are mixing up the markets - Lufthansa
had big profit this morning in thinking to get the best parts of AirBerlin without taking over
the negative effects of the Airline and letting the previous costs to Etihad.
Of course getting 150 mio from Merkel cabinet to survive the next days made AirBerlin not
need to ground but fly still - and the markets were reassured and shuffled up as well.
My personal opinion: 150 million - foreseen to help out until November this Year. ooops???
They are crazy - that is not enough for 3 weeks: AirBerlin has to pay now many creditors in
advance - means sending *immediately* when ordering - or prepaying everything. (Like the
nice clients were doing since ever... lol).
Geneva Airport Switzerland will now get the landing fees *before* a plane of the insolvent
company is trying to land. If this money had not been transferred before landing then a
special finance team will enter the pilot cabin to fetch the CASH onboard!