Cableguy, I thought it would drop but it is holding up. Do you know who are the big buyers at the moment? thanksIgnored
No, i'm afraid i don't. I heard that Mr.Soros was heavily short during the big drop, but i guess it's just playing out the way EW suggests it should.
I wrote a piece about the fact we had reached the 38.2% Retracement (fxtechnicals.net/2013/04/cable-a-wave-complete-38-2-retracement/) level of the whole downmove for what i now perceive as wave 'A' and also an earlier article suggesting i think we need to retest the Weekly Wedge (fxtechnicals.net/2013/04/cable-weekly-wedge-a-magnet/) breakout, before it is truly doomed!
Both articles back up one another...