The German stock index opened up this morning at 12120 and looks like it will continue moving up. We are looking for levels of 12140 to 121161 to take profits and exit the position. On the flip side between 12077 and 12054 is where we will take defensive positions should the current trend reverse. And let’s be clear: These are VERY turbulent markets where things can and do reverse easily and often. We are well into a worldwide stock market slide of serious proportions. These aren’t markets for the faint of heart. It however you can operate reasonably well in an environment of uncertainty and have a strong appetite for risk, then you are well suited to take profits out of this turbulence.