The New CS Board

[HD168]

ah: the key still when the ECB does the QE/LTRC,

ECB did rate cut to 0.5% last week, I assume they will make one more cut in June to 0.25%. If ECB follow Ben's strategy to guarantee oabam 2nd term, ECB should do the QE in July before German Sep election. This will drive DAX to new high and let the current German party continue its control as obama 2nd term. Once ECB does QE in July, the sky is the limit with so much money flush around the world - US, UK, Japan, ECB all flush over 1 trillion dollar each.

If one is good enough, he can certainly play the counter trend pull back from now to ECB QE announce. But I don't see anyone capable of doing it here.