Bund and Dax, from Andrea Ravano
There is a sharp intraday (High 113.90) corrective move from a contract low of the bund which has reached 113.36, just as the stock market is moon-bound at an all time contract and index high of 7411.5 (June 2007 contract). We have seen a similar move before 2/27. The doomsters keep their monotone "aria", suggesting the big correction in stock markets is just ahead. Short sellers fear for their life. Maybe the Mistress will give bears just one chance to bail out before it's too late.