I'm not much of a technical and fundamental analyst, but the news slaughtered my longs last monday when I thought PA seemed to indicate an upmove technically, with shorts gleefully riding on. And the friday before that, bad news eurowide but Euro was doin ok, climbing up and overcoming short setups, or so I thought. Technically it favors down, but bulls may be planning an ambush since it seems so predictable, and with the PA stuck, a strong and logical bias may prove dangerous.
If only I had billions to move the market, that's exactly what I would be counting on, a bear ambush.
If only I had billions to move the market, that's exactly what I would be counting on, a bear ambush.