Dax Futures Trigger Stops, Goes Parabolic, Launching Late Day Megaramp
Presented with little comment because frankly everything is now full retard. That is the Dax; This is the Dax on low-volume, mega levitation drugs, at 9pm on a Friday in Germany, when out of nowhere someone goes on a mega buying spree in the Dax futures, and sends global risk assets, and FX pairs, surging. Is Bernanke LBOing Germany? Or is Spain due for junk downgrade and this is the ultimate bad is good trade which sends global risk assets, and FX pairs soaring to fresh record highs across the board.
DAX takes and blasts through all-time highs..
DAX is now up over 14% in the last 17 trading days... (an annualized 466% rate)
